Final answer:
To calculate the future value at year n of a stream of uneven cash flows more rapidly on your financial calculator, determine the present value of each cash flow by dividing the future cash flow by (1+interest rate)^n, and add up all the present values.
Step-by-step explanation:
To calculate the future value at year n of a stream of uneven cash flows more rapidly on your financial calculator, you can use the concept of present value. First, determine the present value of each individual cash flow by dividing the future cash flow by (1+interest rate)^n, where n is the number of years in the future. Then, add up all the present values to get the future value at year n.
For example, let's say you have cash flows of $15 million in the present, $20 million in one year, and $25 million in two years.
If the interest rate is 15%, the present value of the second cash flow would be $20 million / (1+0.15)^1 = $17.39 million, and the present value of the third cash flow would be $25 million / (1+0.15)^2 = $18.18 million.
Finally, add up the present values to get the future value at year n.