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Troy will receive $6,267 at the end of Year 2. At the end of the following two years, he will receive $7,720 and $2,906, respectively.
Troy will receive $6,267 at the end of Year 2. At the end of the following two years, he will receive $7,720 and $2,906, respectively. What is the future value of these cash flows at the end of Year 6 if the interest rate is 4 percent?
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