What is the future value (as at year 7) of the following cash flows, given an interest rate of 9% p.a.? Year 4 5 6 0 1 2 3 7 Cash flow $270 $380 O a. $1037 O b. $1233 c. $1131 O d. $1053
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To calculate the future value of the cash flows, we need to use the formula for compound interest: FV = PV * (1 + r)^n Where: FV = Future Value PV = Present Value (the cash flow) r = Interest rate n = Number of years Show more…
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