In: Economics
A construction management company is examining its cash flow requirements for the next few years. The company expects to replace software and in-field computing equipment at various times. Specifically, the company expects to spend $6,000 1 year from now, $9,000 3 years from now, and $13,000 each year in years 6 through 10. What is the future worth in year 10 of the planned expenditures, at an interest rate of 14% per year?
The given data is executed in an excel:
The future worth of the planned expenditure is -$127,963.46
The excel calculation and formula used are shown below:
Please don't forget to rate the answer if its helpful,
thank you.