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Consider the Following Timeline: If the Current Market Rate

Question 58

Multiple Choice

Consider the following timeline: Consider the following timeline: If the current market rate of interest is 7%,then the future value of the cash flows on this timeline as of year 3 is closest to: A) $1720. B) $1500. C) $1404. D) $1717. If the current market rate of interest is 7%,then the future value of the cash flows on this timeline as of year 3 is closest to:


A) $1720.
B) $1500.
C) $1404.
D) $1717.

Correct Answer:

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