What is the future value at the end of year three of the following set of cash flows at an interest rate of 6% p.a. compounded annually?

End of Year 1 $3,200

End of Year 2 $1,150

End of Year 3 $5,100

Select one:

a.

$9,851.00

b.

$9,914.52

c.

$9,450.00

d.

$9,149.25