Question
What is the future value, at the end of the third period, of the following cash stream assuming an interest rate of 6% compounded monthly?
What is the future value, at the end of the third period, of the following cash stream assuming an interest rate of 6% compounded monthly?
$1,000 at the end of the first period, $2,000 at the end of the second period, $3,000 at the end of the third period.
| A. | $6,250.52 | |
| B. | $6,243.60 | |
| C. | $6,000.00 | |
| D. | $5,223.21 |
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
7th Edition
0030333288, 9780030333286
