What Is the Future Value of the Following Cash Flows

question 116

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

Recognize and explain the importance of empirical economics in analysing economic problems.

Distinguish between questions that can be answered using positive economic analysis and those that require normative reasoning.

Identify and assess the implications of economic statements and policies on equity and efficiency.

Understand the role and significance of economic models and variables in conducting economic analysis.

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