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If you receive $2,590 at the end of each year for the first three years and $627 at the end of each year for the
If you receive $2,590 at the end of each year for the first three years and $627 at the end of each year for the next two years. What is the future value of this cash flow stream? Assume interest rate is 6%.
a. | 10,556.29 | |
b. | 32,466.17 | |
c. | 15,000 | |
d. | 17,315.92 |
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