Krysel is expecting a new project to begin producing cash fl…

Krysel is expecting a new project to begin producing cash flows at the end of this year. They expect cash flows to be as follows:   1 2 3 4 5 $663,547 $698,214 $795,908 $798,326 $755,444 If they can reinvest these cash flows to earn a return of 9.2 percent, what is the future value of this cash flow stream at the end of five years? (Round to the nearest dollar.)

Cassandra Dawson wants to save for a trip to Australia. She…

Cassandra Dawson wants to save for a trip to Australia. She will need $12,000 at the end of four years. She can invest a certain amount at the beginning of each of the next four years in a bank account that will pay her 8 percent annually. How much will she have to invest each year to reach her target? (Round to the nearest dollar.)