Compute the Future Value Three Years from Now of the Following

question 8

Multiple Choice

Compute the future value three years from now of the following end-of-year cash flows growing at a rate of 6% per year. $$\begin{array} { | l | l | } \hline 1 & \$ 450 \\\hline 2 & \$ 400 \\\hline 3 & \$ 300 \\\hline\end{array}$$

• A) $1,357.00
• B) $1,032.41
• C) $1,220.38
• D) $1,229.61

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