# What is the value in year 15 of a $260 cash flow made in year 4 if interest rates are 12 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Question Asked Oct 3, 2019 5 views What is the value in year 15 of a$260 cash flow made in year 4 if interest rates are 12 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Step 1

Future value can be defined as the monetary value of an asset on an individual date in future assuming a specified growth rate.

It is given that,

The amount of cash flow is $26. Growth rate is 12%. Since the cash flow occur in year 4, the interest rate will be applicable for 11 years. Step 2 The formula to calculate future value is given below: Step 3 Substitute$260 for present value, 11 for n and ...

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