What Is the Future Value of the Following Cash Flows $$\frac { \text { Year } 1 } { \$ 9,820 } \quad \frac { \text { Year } 2 } { \$ 0} \quad \frac { \text { Year } 3 } { \$ 4,510 }$$

question 18

Multiple Choice

What is the future value of the following cash flows at the end of year 3 if the interest rate is 9%? The cash flows occur at the end of each year. $$\frac { \text { Year } 1 } { \$ 9,820 } \quad \frac { \text { Year } 2 } { \$ 0} \quad \frac { \text { Year } 3 } { \$ 4,510 }$$

• A)$15,213.80
• B)$15,619.70
• C)$15,916.78
• D)$16,177.14
• E)$17,633.08

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Definitions:

Productivity

The efficiency of production of goods or services, measured by the output per unit of input.

Community

A group of people living in the same place or having a particular characteristic in common.

Biases

Regular patterns of departure from normalcy or logical thinking in making judgments, leading to conclusions about others and circumstances in a way that lacks logic.

Attribution Process

The cognitive process by which individuals infer the causes of their own and others' behavior, attributing it to either internal dispositions or external situations.