You own a contract that promises an annuity cash flow of $300 end-of-the-year cash flows for each of the next 5 years. (Note: The first cash flow is exactly 1 year from today). At an interest rate of 8%, what is the future value of this contract exactly 5 years from today?
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Home » Business » You own a contract that promises an annuity cash flow of $300 end-of-the-year cash flows for each of the next 5 years. (Note: The first cash flow is exactly 1 year from today).