Given the cash flows below what would be the future worth FW

Given the cash flows below what would be the future worth (FW) of this project if MARR = 12%? Year Cash Flow 0 ($4,000)

1 $500

2 $2,000

3 $3,000

4 $4,000

5 $1,250

Solution

Future Worth = 500*1.12^4 + 2,000*1.12^3 + 3,000*1.12^2 + 4,000*1.12 + 1,250

Future Worth = $13,089.82