Q2 Table 2 shows cash flow information of business account with rate of return 8% per year. Determine the future value at year 11. Table 2: Cash Flow Information of Business Account Year Cash Inflow, RM per year Cash Outflow, RM per year 5 13,000 13,000 12,000 12,000 12,000 4,000 4 5,000 5.000 4,000 4,000 6. 16,000 Year 7 18,500 8 9. 10 11 Cash Inflow, RM per year Cash Outflow, RM per year 13,200 3,200 3,000 6,000 6,000 8,500

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 2MC
icon
Related questions
Question
Q2 Table 2 shows cash flow information of business account with rate of return 8% per year.
Determine the future value at year 11.
Table 2: Cash Flow Information of Business Account
Year
3
5
12,000 12,000 | 12.000
4,000
13,000 13,000
Cash Inflow, RM per year
Cash Outflow, RM per year
5,000
5,000
4,000
4,000
Year
7
8
9
10
11
Cash Inflow, RM per year
Cash Outflow, RM per year
16,000 | 18,500 13,200
3,200
3,000
6,000
6,000
8,500
Transcribed Image Text:Q2 Table 2 shows cash flow information of business account with rate of return 8% per year. Determine the future value at year 11. Table 2: Cash Flow Information of Business Account Year 3 5 12,000 12,000 | 12.000 4,000 13,000 13,000 Cash Inflow, RM per year Cash Outflow, RM per year 5,000 5,000 4,000 4,000 Year 7 8 9 10 11 Cash Inflow, RM per year Cash Outflow, RM per year 16,000 | 18,500 13,200 3,200 3,000 6,000 6,000 8,500
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

Blurred answer
Knowledge Booster
Forecasting Financial Statement
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning