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0 1 2 3 $600 $1200 $1800 At an annual interest rate of 8.5%, the future value of the cash flows in this timeline in
0 | 1 | 2 | 3 |
$600 | $1200 | $1800 |
At an annual interest rate of 8.5%, the future value of the cash flows in this timeline in year 2 is closest to?
Please do not use excel and explain the answer in detail.
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