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What is the future value of the following cash flows in year 5 with an interest rate of 6%? Year Cash Flow 1 $200 2
What is the future value of the following cash flows in year 5 with an interest rate of 6%?
Year | Cash Flow |
1 | $200 |
2 | $400 |
3 | $600 |
4 | $800 |
5 | $1000 |
A.
$3,251.06
B.
$3,180.00
C.
$3,067.04
D.
$3,000.00
E.
$3,446.13
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