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You expect to receive $350, $450, $550, $350, $450 and $550 at the end of each year over the next 6 years. If an annual
You expect to receive $350, $450, $550, $350, $450 and $550 at the end of each year over the next 6 years. If an annual interest rate is 6 percent, what is the future value of this uneven cash flow stream?
Please show your work.
d. $3,112
c. $2,194
b. $5,346
a. $2,987
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