What is the future of money?

What is the future value eight years from now of each of the following cash-flow streams if money can earn 9%?

• What is the future value eight years from now of each of the following cash-flow streams if money can earn 9% compounded semiannually? A single payment of $5000 today. A series of eight payments of $900 made at the end of each year for the next eight years.

• Answer:

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