00:01
Hey there, welcome to numerade.
00:03
We are asked to find the future value at 9%, 12%, and 23%, knowing our following cash flows here.
00:12
So let's go ahead and write our future value equation.
00:16
We have the future value is equivalent to the present value, and this is multiplied by 1 plus plus r raised to the n.
00:29
So with this, we are going to be looking at a.
00:37
So actually, let's first plug in our terms here.
00:45
So we're going to plug in our terms in which we have for pv, the present value.
00:54
We have this as equals to the, let's see here, we have 960, the cash flow of 960.
01:11
Okay, 960, we have the 1 ,190, we have the 1 ,410, and the 2 ,150.
01:34
So with this here, we have the discount count rates and we're trying to find the future value.
01:42
So hence for the 9 % rate, so this is part a, you should get a future value of around $2 ,150...