Troy will receive $8678 at the end of Year 2. At the end of the following two years, he will receive $8260 and $2665, respectively. What is the future value of these cash flows at the end of Year 6 if the interest rate is 4 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Troy will receive $8678 at the end of Year 2. At the end of the following two years, he will receive $8260 and $2665, respectively. What is the future value of these cash flows at the end of Year 6 if the interest rate is 4 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 12E

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