Consider the following cash flows:   Year Cash Flow 2   $ 22,000   3     40,000   5     58,000       Assume an interest rate of 8.8 percent per year.   a. If today is Year 0, what is the future value of the cash flows five years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. If today is Year 0, what is the future value of the cash flows ten years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Question
Consider the following cash flows:
 
Year Cash Flow
2   $ 22,000  
3     40,000  
5     58,000  
 
 
Assume an interest rate of 8.8 percent per year.
 
a.

If today is Year 0, what is the future value of the cash flows five years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b. If today is Year 0, what is the future value of the cash flows ten years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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