What is the future value of the cash flows five years

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Reference no: EM13923024

Consider the following cash flow: Year Cash Flow 2) $22,300 3)$40,300 5) $58,300. Assume an interest rate of 9.1 percent per year.

Requirement 1: If today is Year 0, what is the future value of the cash flows five years from now? (Do not include the dollar signs ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Future value $

Requirement 2: If today is Year 0, what is the future value of the cash flows ten years from now? (Do not include the dollar signs ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Future value $

I need the answer in FV formula for Excel if possible.

Reference no: EM13923024

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