$100 Is Received at the Beginning of Year 1, $200

Multiple Choice

$100 is received at the beginning of year 1, $200 is received at the beginning of year 2, and $300 is received at the beginning of year 3. If these cash flows are deposited at 12 percent, their combined future value at the end of year 3 is ________ .

A) $ 727
B) $1,536
C) $1,245
D) $ 672