(Answered) Determine the future value at the end of august for the

Finance

Determine the future value at the end of August for the following cash flows using a periodic interest rate of 1% compounded monthly:

MONTH AMOUNT ($)

April ......... 15,000

May ......... 25,000

June ......... 21,000

July ......... 15,000

These cash flows occur at the end of the respective months.

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