What Is the Future Value of the Following Cash flOws

question 245

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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