FV of Multiple Cash Flows: Shane Matthews Has Invested in an Investment

question 68

Multiple Choice

FV of multiple cash flows: Shane Matthews has invested in an investment that will pay him $6,200, $6,450, $7,225, and $7,500 over the next four years. If his opportunity cost is 10 per cent, what is the future value of the cash flows he will receive? (Round to the nearest dollar.)

• A) $27,150
• B) $29,900
• C) $30,455
• D) $31,504

---

Definitions:

Reasonable Basis

A logical, fact-based foundation for a belief, action, or decision, indicating that due diligence has been exercised.

Itemization

The process of listing individual items or services separately, often in billing or accounting.

Funeral Services

Professional services provided by a licensed funeral director and staff, which may include the preparation of the body, conducting the funeral ceremony, and the management of the funeral process.

Federal Law

The body of law created by the federal government of a country, which applies to the entire nation and supersedes state laws in areas of federal jurisdiction.