Question

preference rate of 8%.
Determine the future value at the end of 5 years of the following series of payments at 5%
rate of interest:
At the end of 1st year = 1,000
2nd
year = * 2,000
3rd year = 3,000
4th
year = * 4,000
5th year = 5,000
[Ans. * 16,041]​

Answer 1

Answer:

yes

Explanation: