Future Value of Multiple Cash Flows

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;92 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<p align&equals;"justify">Future value of multiple cash flows can be calculated with the help of a simple problem&period; Usually people plan to save some amount each year for the purpose of meeting future needs and requirements&period; Suppose&comma; in the first year a person save and invest 2000 in a bank and other 3000 after one year&period; Interest rate is 7&percnt;&comma; how much will he get after the second year&period; <&sol;p>&NewLine;<h3>&&num;160&semi;<&sol;h3>&NewLine;<h3>Solution&colon;<&sol;h3>&NewLine;<p> &&num;160&semi;<&sol;p>&NewLine;<p> <a href&equals;"http&colon;&sol;&sol;mba-lectures&period;com&sol;wp-content&sol;uploads&sol;2010&sol;09&sol;image3&period;png"><img style&equals;"border-right-width&colon; 0px&semi; display&colon; inline&semi; border-top-width&colon; 0px&semi; border-bottom-width&colon; 0px&semi; border-left-width&colon; 0px" title&equals;"image" border&equals;"0" alt&equals;"image" src&equals;"http&colon;&sol;&sol;mba-lectures&period;com&sol;wp-content&sol;uploads&sol;2010&sol;09&sol;image&lowbar;thumb3&period;png" width&equals;"300" height&equals;"429" &sol;><&sol;a> <&sol;p>&NewLine;<p> &&num;160&semi;<&sol;p>&NewLine;<p> If the person want to have more saving lets say for three years and in the third year he wants to investment 1500&comma; Then the first two deposits have an extra year for interest to compound&period; &NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;92 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;92 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;