$1,200 Is Received at the Beginning of Year 1, $2,200

Multiple Choice

$1,200 is received at the beginning of year 1, $2,200 is received at the beginning of year 2, and $3,300 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) $ 6,700
B) $17,072
C) $12,510
D) $ 8,142