Question
In: Finance
what is the approximate future value of $100 to be received in one year, $200 in...
what is the approximate future value of $100 to be received in one year, $200 in two years, and $300 in three years, a 5% annual interest?
Solutions
Expert Solution
| Year | Cash flows | FVIF@10% | Future value |
| 0 | $ - | 1.158 | $ - |
| 1 | $ 100 | 1.103 | $ 110.25 |
| 2 | $ 200 | 1.050 | $ 210.00 |
| 3 | $ 300 | 1.000 | $ 300.00 |
| Future value | $ 620.25 | ||
jeff jeffy answered 1 year agoRelated Solutions
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