915 For the following cash flows compute the future worth 60

9-15 For the following cash flows, compute the future worth. 600 600 600 600 600 600 500 400 300 200 100 01-2-45678910-1 ? m: 10%

Solution

Year Cash flows FVf @10% Future values 0 0 2.853 0 1 100 2.594 259.374246 2 200 2.358 471.589538 3 300 2.144 643.076643 4 400 1.949 779.48684 5 500 1.772 885.7805 6 600 1.611 966.306 7 600 1.464 878.46 8 600 1.331 798.6 9 600 1.210 726 10 600 1.100 660 11 600 1.000 600 Future worth of cash flows 7,669