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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
$500
2
813
3
730
4
3,500
5
1,250
6
4,530
7
2,350
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