$1,200 Is Received at the Beginning of Year 1, $2,200

question 57

Multiple Choice

$1,200 is received at the beginning of year 1, $2,200 is received at the beginning of year 2, and $3,300 is received at the beginning of year 3. If these cash flows are deposited at 12 percent, their combined future value at the end of year 3 is ________.

• A) $ 6,700
• B) $17,072
• C) $12,510
• D) $ 8,142

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Definitions:

Cactuses

The plural form of cactus, referring to spiny plants that are native to arid environments.

Desert

A barren area of landscape where little precipitation occurs and consequently living conditions are hostile for plant and animal life.

Connotation

the implied or associative meaning of a word or phrase, in contrast to its explicit or dictionary definition.

Literal Meaning

The explicit or primary meaning of a word or text, not taking into account any underlying or metaphorical meanings.