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Consider the following timeline: Date 0 $500 Cash flow $500 A. $1720. B. $1717. C. $1500. D. $1404. 2 $500 3 If the current market

Consider the following timeline: Date 0 $500 Cash flow $500 A. $1720. B. $1717. C. $1500. D. $1404. 2 $500 3 If the current market rate of interest is 7%, then the future value of the cash flows on this timeline as of year 3 is closest to:
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Consider the following timeline: Date If the current market rate of interest is 7%, then the future value of the cash flows on this timeline as of year 3 is closest to: A. $1720. B. $1717. C. $1500. D. $1404

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