The first cash flow is exactly 1 year from today at an


Question - You own a contract that promises an annuity cash flow of $200 end-of-the-year cash flows for each of the next 4 years. (Note: The first cash flow is exactly 1 year from today). At an interest rate of 7%, what is the future value of this contract exactly 4 years from today?

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Accounting Basics: The first cash flow is exactly 1 year from today at an
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