For the cash flows shown, find the future worth in (a) year 5, and (b) year 4. Assume an i of 10% per year. (This is Problem 3.25 above.)
What will be an ideal response?
(a) F 5 = $13,923 using the function = - FV(10%,4,3000)
(b) F 4 = $12,657 (Note: Function intentionally omitted)
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What will be an ideal response?