question archive Maya opened a bank account where she saved $300 at the end of years 1 and 2, $400 at the end of years 3 and 4, $500 at the end of year 5 and $600 at the end of year 6
Maya opened a bank account where she saved $300 at the end of years 1 and 2, $400 at the end of years 3 and 4, $500 at the end of year 5 and $600 at the end of year 6
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Maya opened a bank account where she saved $300 at the end of years 1 and 2, $400 at the end of years 3 and 4, $500 at the end of year 5 and $600 at the end of year 6. She was offered 8% interest rate. 1- What is the present value of these cash flows? * a- $1,865 Ob- $2,500 OC-$1,908 d- $2,013 e-None of the above 2- What is the future value of these cash flows? * a-$2,500 b- $2,959 c- $3,120 d- $3,085 e- None of the above
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