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a firm must make the following bank payments; $ 1 , 0 0 0 , 0 0 0 three months from today, $ 1 ,

a firm must make the following bank payments; $1,000,000 three months from today, $1,500,000 six months from today, $2,000,000 nine months from today, and $5,000,000 twelve months from today. What is the future value of these payments in one year from today if the bank invests these cash payments at a rate of 3.75%?
Multiple Choice:
a. $9,861,291
b. $9,806,381
c. $9,575,396
d. $9,500,000

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