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Consider the following timeline detailing a stream of cash flows: date 1 2 3 4 5 cash flow $100 $200 $300 $400 ? If the
Consider the following timeline detailing a stream of cash flows:
date 1 2 3 4 5
cash flow $100 $200 $300 $400 ?
If the current market rate of interest is 5%, then the future value (FV) of this stream of cash flows is closest to ________.
A.
$2,021
B.
$2,694
C.
$1,684
D.
$1,500
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