What is the value in year 19 of a $1,500 cash flow made in year 11 when the interest rates are 4.9 percent?

What is the value in year 19 of a $1,500 cash flow made in year 11 when the interest rates are 4.9 percent?

 

$2,199.35

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PV = 1,500, N = (19 − 11) = 8, I = 4.9, PMT = 0

P = $1500

i   = 0.049

n = 7

Value = P (1 +i)^ n

= 1500 (1+0.049)^ 7

$ 2199.35