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Given the following cash flows, what is the future value if the interest rate is 5%? Year 1 2 3 Cash Flow $400 $650 $900
Given the following cash flows, what is the future value if the interest rate is 5%?
| Year | 1 | 2 | 3 |
| Cash Flow | $400 | $650 | $900 |
| a. | $1,798.70 | |
| b. | $2,023.50 | |
| c. | $1,676.24 | |
| d. | $2,053.46 |
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Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
13th Edition
0073382388, 978-0073382388
