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(Solution document) Mourinho recently invested $2,566.70 in an investment account that is promising to return 12 percent per year.


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Mrs. J. Mourinho recently invested $2,566.70 in an investment account that is promising to return 12 percent per year. The cash flows are expected to be as follows:

 

                               End of                           Cash

                                Year                            Flow

                                  1                               $325

                                  2                                 400

                                  3                                 550

                                  4                                    ? 

                                  5                                 750

                                  6                                 800

 

           What is the cash flow at the end of the 4th year?

 







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