Assume that $2000 is deposited today, $2000 two years from now, and $2000 four years from now. At a 12% interest rate compounded annually, use the cash flow diagram and interest tables to determine the total future value at the end of year 8.

Financial Management: Theory & Practice
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ISBN:9781337909730
Author:Brigham
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Chapter4: Time Value Of Money
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Assume that $2000 is deposited today, $2000 two years from now, and $2000 four years from now. At a
12% interest rate compounded annually, use the cash flow diagram and interest tables to determine the
total future value at the end of year 8.
Transcribed Image Text:Assume that $2000 is deposited today, $2000 two years from now, and $2000 four years from now. At a 12% interest rate compounded annually, use the cash flow diagram and interest tables to determine the total future value at the end of year 8.
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