Assume that you contribute $190 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $390 per month for the next 25 years. Given an 7 percent interest rate. What is the value of your retirement plan after the 50 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Future value of multiple annuities
Problem 4-40 Moving Cash Flows (LG5)
You are scheduled to receive a $480 cash flow in one year, a $980 cash flow in two years, and pay a $780 payment in three years. Interest rates are 10 percent per year.
What is the combined present value of these cash flows? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Combined present value of cash flows $