DavidZ8735 DavidZ8735

20-12-2022
Business

Answered

you want to come up with a plan for your personal finances today to determine how much money you need to pay a few large expenses over the next six years. you expect the following cash flows at the end of each year: (1) an expense of 24,767 dollars in two years, (2) revenue of 25,764 and an expense of 21,932 dollars in four years, and (3) an expense of 14,850 dollars in six years. how much money do you need to deposit today into a savings account that pays 8% per year to pay for your future financial obligations (taking into account all future inflows and outflows)? (note: round your answer to two decimal places; do not include spaces or dollar signs.)

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