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-   -   Future Values With Multiple Cash Flows (https://www.askmehelpdesk.com/showthread.php?t=271260)

  • Oct 19, 2008, 07:46 PM
    Student85
    Future Values With Multiple Cash Flows
    Twenty years ago you deposited $2000 into an account. Fifteen years ago you added an additional $3000. You earned 5% compunded annually for the first five years and 8% compounded annually for the last fifteen years. How much money do you have in your account today?

    Do I find the FV of $2000 at 5% interest for 5 years and then find the FV of the answer I just found PLUS the $3000 at 8% for fifteen years??

    PLEASE HELP!!

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