Question

What's the future value of this cash flow stream: $1,200 at the end of Year 1,...

What's the future value of this cash flow stream: $1,200 at the end of Year 1, $0 at the end of Year 2, and $500 at the end of Year 3? The appropriate annual interest rate is 10%.

Group of answer choices

$2,105.47

$1,916.37

$1,856.15

$1,868.31

$1,952.00

Assume that you must make a $1,500 payment one year from today. How much must you deposit today in a bank account that pays a 6% nominal rate, monthly compounding, to have the needed funds a year from now?

Group of answer choices

$1,760.13

$1960.70

$1379.27

$1,328.35

$1,412.86

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