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

Question 51

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

Correct Answer:

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