Hi, I need assistance answering this question.
Hi,
I need assistance answering this question.
John has been offered the opportunity to invest in a project that will pay $4,508 per year at the end of years one through three and $9,378 per year at the end of years four and five. These cash flows will be placed in a saving account that pays 19.94 percent per year. What is the future value of this cash flow pattern at the end of year five?
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