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You are to receive the following payments at the end of the following periods: Year 1: $250 Year 2: $300 Year 3: $400 The interest

You are to receive the following payments at the end of the following periods:

Year 1: $250

Year 2: $300

Year 3: $400

The interest rate is 15% per year.

What is the future valueof these cash flows 20 years from now?

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