34 What is the future value of the following annual cash flows CF 1 $200, CF 2 $200, CF 3 $300, and CF 4 $500, if the interest rate is 8 and the cash flows occur at end of each year a $962 32 b $1,309 22 c $1,383,11 d $1,200 00

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34. What is the future value of the following annual cash flows: CF 1 =$200, CF 2 =$200, CF 3 =$300, and CF 4 =$500,

34.

What is the future value of the following annual cash flows: CF₁=$200, CF₂=$200, CF₃=$300, and CF₄=$500, if the interest rate is 8% and the cash flows occur at end of each year?

a. $962.32

b. $1,309.22

c. $1,383,11

d. $1,200.00

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