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b Select the correct future values from the dropdown options and Determine the future value at the end of June for the cash flows in
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Select the correct future values from the dropdown options and Determine the future value at the end of June for the cash flows in Table 1 using a periodic interest rate of 2% compounded monthly. These cash flows occur at the end of the respective months. Month Amount($) FV Dec. $24,000 Select) Jan. $18,000 [ Select) Feb. $15,000 [Select) Select March $31,000 [ Select) May $25,500 > Total FV at End of June: Select 1 Step by Step Solution
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