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:

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The process of safely taking out a catheter (a tube inserted into the body for removing fluids) from the body, often done following medical guidelines to prevent infection.

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Increasing Fluid

A directive often given in healthcare to encourage a patient to drink more liquids to promote hydration or assist with certain health conditions.

Muslim Americans

Individuals in the United States who practice Islam or identify culturally with Islam, constituting a diverse community with various backgrounds.