What Is the Future Value of the Following Cash Flows

question 17

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.
$$\begin{array} { | l | l | l | } \hline \text { Year 1 } & \text { Year 2 } & \text { Year 3 } \\\hline £ 9,820 & £ 0 & £ 4,510 \\\hline\end{array}$$

• A)£15,213.80
• B)£15,619.70
• C)£15,916.78
• D)£16,177.14
• E)£17,633.08

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The total sum of all compensation, benefits, and taxes paid to employees by an employer for their work.

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