You have been offered the opportunity to invest in a project that will pay $2,288 per year at the end of years one through three and $8,537 per year at the end of years four and five. These cash flows will be placed in a saving account that pays 9.03 percent per year.
You have been offered the opportunity to invest in a project that
will pay $2,288 per year at the end of years one through three and $8,537 per year at the end of years four and five. These cash flows will be placed in a saving account that pays 9.03 percent per year. What is the future value of this cash flow pattern at the end of year five?
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