You have decided to invest in the stock market and expect to have the following...
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Accounting
You have decided to invest in the stock market and expect to have the following cash flows: 13,301 dollars outflow (initial investment) now (year 0); 44,705 dollars inflow (return) at the end of year one; 11,734 dollars inflow (return) at the end of year two; 50,878 dollars inflow (return) at the end of year three; and 14,159 dollars inflow (return) at the end of year four. Given that the current interest rate is 7% per year, compute the value of this asset at the end of year three taking into account all past and future cash flows.
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