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What is the future value (in $) of cash flows 1-3 at the end of year 3, assuming a 6% interest rate (compounded annually)? End
What is the future value (in $) of cash flows 1-3 at the end of year 3, assuming a 6% interest rate (compounded annually)?
| End of year | Cash flow |
| 1 | $600 |
| 2 | 871 |
| 3 | 800 |
| 4 | 3,500 |
| 5 | 1,250 |
| 6 | 4,530 |
| 7 | 2,350 |
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Financial Management Theory And Practice
Authors: Eugene F Brigham, Michael C Ehrhardt
11th Edition
0324259689, 9780324259681
