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You won the lottery and will collect your winning in the following 3 installments. Your payments will come at the end of the year. Assume

You won the lottery and will collect your winning in the following 3 installments. Your payments will come at the end of the year.

Assume you can reinvest these cash flows at 10% compounded annually.

Year 1: $1,000

Year 2: $2,000

Year 3: $3,000

What is the future value of your cash flow at the end of year 3?

$6,410

$6,000

$6,600

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