Homework #3D (FV of mixed stream) 3

Homework #3D (FV of mixed stream)

Finance 330

Question 3 (1 point)

You have been offered the opportunity to invest in a project that will pay $5,701 per year at the end of years one through three and $8,632 per year at the end of years four and five. These cash flows will be placed in a saving account that pays 6.16 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.