What Is the Future Value of the Following Cash Flows

question 139

Multiple Choice

What is the future value of the following cash flows at the end of year 3 if the interest rate is 9%? The cash flows occur at the end of each year.

• A) $15,213.80
• B) $15,619.70
• C) $15,916.78
• D) $16,177.14
• E) $17,633.08

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Definitions:

Lung Disease

A general term for diseases and disorders that affect the lungs and respiratory system, leading to difficulty in breathing and other related symptoms.

Bipolar Leads

In electrocardiography, leads that measure the difference in electrical potential between two distinct points in the heart.

Body

The physical structure of a person or an animal, including the bones, flesh, and organs.

ECG Electrodes

Small, adhesive pads used during an electrocardiogram test to detect and record the electrical activity of the heart.