Find the Future Value at the End of Year 3

question 93

Multiple Choice

Find the future value at the end of year 3 of the following stream of cash flows received at the end of each year, assuming the firm can earn 8 percent on its investments.

• A) $45,000
• B) $53,396
• C) $47,940
• D) $56,690

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Definitions:

Fertilisation

The fusion of gametes (egg and sperm) to initiate the development of a new individual organism.

Zygote

The initial cell formed when a sperm cell fertilizes an egg cell, representing the earliest stage of embryonic development.

Egg

A reproductive cell produced by female organisms, capable of developing into a new individual upon fertilization.

Phenotype

The observable physical or biochemical characteristics of an organism, as determined by both genetic makeup and environmental influences.