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

---

Definitions:

Common Areas

Parts of a property that are available for use by all residents or members of a community, such as lobbies, gardens, and swimming pools in a condominium.

Tenants in Common

Tenants in common is a form of co-ownership where each owner possesses a specific fraction of the property and has the right to will their share to their heirs.

Partitioned

Divided into parts or sections, often used in the context of dividing property among owners or heirs.

Undivided Interests

A share in a property owned by two or more parties where each has an equal right to the entire property rather than a specific portion of it.