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$1,200 is received at the beginning of year 1, $2900 is received at the beginning of year 2, and $3,800 is received at the beginning

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$1,200 is received at the beginning of year 1, $2900 is received at the beginning of year 2, and $3,800 is received at the beginning of year 3. If these cash flows are deposited at 12 percent, what will be their combined future value at the end of year 4? (20 points)

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