What Is the Future Value at Year 3 of the Following

question 49

Multiple Choice

What is the future value at year 3 of the following set of cash flows if the discount rate is 11%?

• A) $738
• B) $761
• C) $789
• D) $812

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Definitions:

Trial Balance Totals

The aggregate sum of all debit and credit balances in a trial balance, which should equal each other, verifying the mathematical accuracy of the ledger accounts.

Cash Withdrawal

The act of taking money out of a bank account, which decreases the account balance.

Accounts Receivable

Unsettled dues from customers to a business for goods or services that have already been delivered or used.

Fees Earned

Revenue generated from providing services to clients or customers.