Question 1 1 pts Consider a series of 759 endofperiod CFs sp

Question 1 1 pts Consider a series of $759 end-of-period CFs spanning 2019-2027. The interest rate is 7.4%, what is the equivalent value of this series at the end of 2027?

Solution

Solution: Year Cash Flow FV of CF @7.4% 2019 759                   759.00 2020 759                   815.17 2021 759                   875.49 2022 759                   940.27 2023 759                1,009.85 2024 759                1,084.58 2025 759                1,164.84 2026 759                1,251.04 2027 759                1,343.62 The Cash Flow at the year end 2027 is $1343.62