Trigen Corp. management will invest cash flows of $862,217, $1,416,530, $375,355

Question

Trigen Corp. management will invest cash flows of $862,217,  $1,416,530, $375,355,  $818,400, $1,239,644, and $1,617,848 in research and development over the next  six years. If the appropriate interest rate is 7.1  percent, what is the future value of these investment cash flows six years  from today? (Round  answer to 2 decimal places, e.g. 15.25.)

Future value $ Trigen Corp. management will invest cash flows of $862,217, $1,416,530, $375,355, $818,400, $1,239,644, and $1,617,848 in research and development over the next six years. If the appropriate interest rate is 7.1 percent, what is the future value of these investment cash flows six years from today? (Round answer to 2 decimal places, e.g. 15.25.)

Explanation / Answer

Hi,

Please find the revised answer as follows;

FV = 862217*(1+.071)^5 + 1416530*(1+.071)^4 + 375355*(1+.071)^3 + 818400*(1+.071)^2 + 1239644*(1+.071)^1 + 1617848 = 7424059.85 or 7424060

Thanks.

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