If the discount rate is 7 percent what is the future value


Booker, Inc., has identified an investment project with the following cash flows. Year Cash Flow

1: $ 930

2: 1,160

3: 1,380

4: 2,120

If the discount rate is 7 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Future value $

What is the future value at an interest rate of 13 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Future value $

What is the future value at an interest rate of 22 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Future value $

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Financial Management: If the discount rate is 7 percent what is the future value
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