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Business

Finance

800

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 3CE

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Question

What is the future value of a stream of $800 cash receipts, each to be received at the end of the next four years, with 10% annual compounding interest rate?

Group of answer choices

a. $4,084.08

b. $3,712.80
c. $2,789.48

d. $2,535.89

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