Question - Booker, Inc., has identified an investment project with the following cash flows.
|
Year
|
Cash Flow
|
|
1
|
$1,000
|
|
2
|
1,230
|
|
3
|
1,450
|
|
4
|
2,190
|
If the discount rate is 9 percent, what is the future value of these cash flows in Year 4?
What is the future value at an interest rate of 12 percent?
What is the future value at an interest rate of 23 percent?