Consider the Following Timeline Detailing a Stream of Cash Flows

question 27

Multiple Choice

Consider the following timeline detailing a stream of cash flows:
If the current market rate of interest is 8%,then the future value of this stream of cash flows is closest to:

• A)$11,699
• B)$10,832
• C)$12,635
• D)$10,339

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Definitions:

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