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Scottie Barnes Has Invested in an Investment That Will Pay

question 86

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Scottie Barnes has invested in an investment that will pay him $6,400, $6,450, $7,225, and $7,500 over the next four years. If his opportunity cost is 10 percent, what is the future value of the cash flows he will receive? (Round to the nearest dollar.)


Definitions:

Systematic Sampling

A sampling method where elements are selected from a larger population using a fixed, periodic interval.

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Stratified Sampling

A method of sampling that involves dividing the population into subgroups (strata) and then selecting samples from each stratum.

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