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What is the future value of the following cash flows at the end of year 6 if the interest rate is 9 percent? The cash
What is the future value of the following cash flows at the end of year 6 if the interest rate is 9 percent? The cash flows occur at the end of each year. Year 1: $9,820 Year 2: $0 Year 3: $4,510 A. $20,949.87 B. $15,619.70 C. $12,491.72 D. $16,177.14 E. $17,633.08
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