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8) Suppose you expect to receive the following cash flow over the next 5 years:...

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Accounting

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8) Suppose you expect to receive the following cash flow over the next 5 years: End of Year Cash Flow 1 20,000 2 22,000 3 30,000 4 24,000 5 32,000 Immediately after receiving these amounts, you will keep 50% of these cash flows for your own expenditure and deposit the remaining amount in a bank. You expect to earn 7% from the bank Now, calculate how much would you receive at the end of 5 years from the bank? (You must show the detailed calculation process. Otherwise, marks will be deducted)

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