What Is the Future Value of the Following Cash Flows $$\frac { \text { Year } 1 } { \$ 5,180 } \frac { \text { Year } 2 } { \$ 9,600 } \frac { \text { Year } 3 } { \$ 2,250 }$$

question 116

Multiple Choice

What is the future value of the following cash flows at the end of year 3 if the interest rate is 6%? The cash flows occur at the end of each year. $$\frac { \text { Year } 1 } { \$ 5,180 } \frac { \text { Year } 2 } { \$ 9,600 } \frac { \text { Year } 3 } { \$ 2,250 }$$

• A)$15,916.78
• B)$18,109.08
• C)$18,246.25
• D)$19,341.02
• E)$19,608.07

---

Definitions:

Subsidiary Ledger

A secondary ledger that provides detailed information to support accounts listed in the general ledger, such as customer or vendor details.

Revenue Journal

An accounting ledger that records incoming revenue transactions or sales made by a company.

General Ledger

A complete ledger detailing every fiscal activity during the lifespan of a business.

Transaction Errors

Mistakes or inaccuracies occurring in the recording, processing, or reporting of financial transactions.