Marcia will receive $6,350 this year, $7,280 next year, and $8,470 the following year The cash flows occur at the end of each year What is the future value of these cash flows at the end of year 3 if the interest rate is 8 percent A $22,116 23 B $24,611 87 C $23,739 04 D $22,008 19 E $24,258 58 ...

C 2373904 FV 6350 108 2 7280 108 1 8470 ...

Marcia will receive $6,350 this year, $7,280 next year, and $8,470 the following year. The cash flows

Question:

Marcia will receive $6,350 this year, $7,280 next year, and $8,470 the following year. The cash flows occur at the end of each year. What is the of these cash flows at the end of year 3 if the interest rate is 8 percent?
A. $22,116.23B. $24,611.87C. $23,739.04D. $22,008.19E. $24,258.58

Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...