Question 40 2 points d Given the following cash flows what i

Question 40 (2 points) d Given the following cash flows, what is the future value at year six when compounded at an annual interest rate of 8.0%? Year 0: $9,000: Year 2: $7,000: Year 4: $5,000; Year 6: $11000 $38,955.39 $40,637.29 $42,074.42 $50,779.98

Answer

Year

Beginning balance

Interest at 8%

Amount of cash flows

Ending Balance

[A]

[B = A x 8%]

[C]

[A + B + C]

$ 9,000.00

$ 720.00

$ 9,720.00

$ 777.60

$ 7,000.00

$ 17,497.60

$ 1,399.81

$ 18,897.41

$ 1,511.79

$ 5,000.00

$ 25,409.20

$ 2,032.74

$ 27,441.94

$ 2,195.35

$ 11,000.00

$ 40,637.29

Year	Beginning balance	Interest at 8%	Amount of cash flows	Ending Balance
	[A]	[B = A x 8%]	[C]	[A + B + C]
0			$ 9,000.00	$ 9,000.00
1	$ 9,000.00	$ 720.00		$ 9,720.00
2	$ 9,720.00	$ 777.60	$ 7,000.00	$ 17,497.60
3	$ 17,497.60	$ 1,399.81		$ 18,897.41
4	$ 18,897.41	$ 1,511.79	$ 5,000.00	$ 25,409.20
5	$ 25,409.20	$ 2,032.74		$ 27,441.94
6	$ 27,441.94	$ 2,195.35	$ 11,000.00	$ 40,637.29

Question 40 (2 points) d Given the following cash flows, what is the future value at year six when compounded at an annual interest rate of 8.0%? Year 0: $9,00

Question 40 2 points d Given the following cash flows what i

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