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Use the following stream of cash flows to answer the questions below. 0 1 2 3 $600 $1,200 $1,800 The interest rate is 7%. (a)

Use the following stream of cash flows to answer the questions below.

0 1 2 3

$600 $1,200 $1,800

The interest rate is 7%.

(a) What is the future value of this stream of cash flows in year 3?

(b) What is the present value? (c) What is the future value at t=2?

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