Question 3 (1 point)
You have been offered the opportunity to invest in a project that will pay $2,556 per year at the end of years one through three and $9,596 per year at the end of years four and five. These cash flows will be placed in a saving account that pays 16.14 percent per year. What is the future value of this cash flow pattern at the end of year five?
Round the answer to two decimal places.
Homework #3D (FV of mixed stream)