What Is the Future Value of the Following Cash flOws

question 223

Multiple Choice

What is the future value of the following cash flows at the end of year 3 if the interest rate is 6%? The cash flows occur at the end of each year.

• A) $15,916.78
• B) $18,109.08
• C) $18,246.25
• D) $19,341.02
• E) $19,608.07

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Definitions:

National Saving

The sum of private and public savings in a country, representing total income not spent on consumption or government expenditures.

Silla Rulers

Leaders of the Silla Kingdom, one of the Three Kingdoms of Korea, known for unifying the Korean Peninsula in the 7th century.

Buddhist Temples

Places of worship and meditation in Buddhism, which can vary greatly in size, style, and function, depending on the region.

Kyongju

A historic city in South Korea, known for its extensive archaeological sites from the Silla dynasty.