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What is the future value of the following cash flows at the end of year 3 if the interest rate is 6%? The cash flows

What is the future value of the following cash flows at the end of year 3 if the interest rate is 6%? The cash flows occur at the end of each year.

Year 1 Year 2 Year 3
$5,180 $9,600 $2,250

Multiple Choice

  • $19,341.02

  • $18,109.08

  • $15,916.78

  • $18,246.25

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