Determine the future value at year 11.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Subject : Engineering Economy and Management

Table 2 shows cash flow information of business account with rate of return 8% per year.
Determine the future value at year 11.
Table 2: Cash Flow Information of Business Account
Year
Cash Inflow, RM per year
Cash Outflow, RM per year
13,000 13,000 12,000 12,000
4,000
5,000
12,000
4,000
5,000
4,000
Year
6.
7
8
9.
10
11
Cash Inflow, RM per year
Cash Outflow, RM per year
16,000
6,000
18,500
13,200
3,000
6,000
8,500
3,200
Transcribed Image Text:Table 2 shows cash flow information of business account with rate of return 8% per year. Determine the future value at year 11. Table 2: Cash Flow Information of Business Account Year Cash Inflow, RM per year Cash Outflow, RM per year 13,000 13,000 12,000 12,000 4,000 5,000 12,000 4,000 5,000 4,000 Year 6. 7 8 9. 10 11 Cash Inflow, RM per year Cash Outflow, RM per year 16,000 6,000 18,500 13,200 3,000 6,000 8,500 3,200
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