Consider a geometric series of cash flows that begins at time 5 with a cash flow of $5,000. Cash flows in this series wi
Posted: Wed Mar 09, 2022 8:30 am
Consider a geometric series of cash flows that begins at time 5 with a cash flow of $5,000. Cash flows in this series will increase by 7% each period. There are a total of nine cash flows in this series. What is the future equivalent of this cash flow series at time = 20 if the interest rate is 10% per period?