Trigen Corp. management will invest cash flows of $659,127, $412,376, $345,706, $818,400, $1,239,644, and $1,617,848 in research and development over the next six years. If the appropriate interest rate is 9.43 percent, what is the future value of these investment cash flows six years from today?

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Trigen Corp. management will invest cash flows of $659,127, $412,376, $345,706, $818,400, $1,239,644, and $1,617,848 in research and development over the next six years. If the appropriate interest rate is 9.43 percent, what is the future value of these investment cash flows six years from today?

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Answer : future value of these investment cash flows six years from today $ 5,701,284

Working notes for the above answer is as follow

Year CF interest rate is 9.43 Intrest rate
Factor
Futur value
of investment
1 659,127 9.43 62155.6761 1.7172 106733.1164 765,860
2 412,376 9.43 38887.0568 1.5692 61022.08894 473,398
3 345,706 9.43 32600.0758 1.434 46748.12609 392,454
4 818,400 9.43 77175.12 1.3104 101131.5145 919,532
5 1,239,644 9.43 116898.4292 1.1975 139984.9911 1,379,629
6 1,617,848 9.43 152563.0664 1 152563.0664 1,770,411
608182.9034 5,701,284
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