Exxon-Mobil's receipts and disbursements are shown below. Calculate the future worth in year 7 at an interest rate of 8% per year. Year Cash Flow, S -6,000 5,000 4,000 5,000 4 5,000 5 -1,000 7,000 7 8,000 $31,023.34 O S18,101.82 O S19,998.37 O $31,312.27

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
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Author:Don R. Hansen, Maryanne M. Mowen
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Chapter19: Capital Investment
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Problem 23E: Assume that an investment of 100,000 produces a net cash flow of 60,000 per year for two years. The...
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Exxon-Mobil's receipts and disbursements are shown below. Calculate the future worth in year 7 at an interest
rate of 8% per year.
Year
Cash Flow, S
-6,000
1
5,000
2
4,000
3
5,000
4
5,000
-1,000
7,000
7
8,000
O $31,023.34
O S18,101.82
O $19,998.37
O 331,312.27
Transcribed Image Text:Exxon-Mobil's receipts and disbursements are shown below. Calculate the future worth in year 7 at an interest rate of 8% per year. Year Cash Flow, S -6,000 1 5,000 2 4,000 3 5,000 4 5,000 -1,000 7,000 7 8,000 O $31,023.34 O S18,101.82 O $19,998.37 O 331,312.27
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