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Ahmed owns a small motor repair shop that had a cash flow of $297,241 in the current period. If Ahmed expects his business to grow at a constant rate of 8%, what should his cash flow be next period?

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Answer: $321,020

Explanation:

The cash flow is expected to grow at a rate of 8%.

This means that in the next year it will be 8% higher than the $297,241 it is in the current period.

= 297,241 * ( 1 + rate)

= 297,241 * ( 1 + 8%)

= $321,020

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