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

Question 53

Multiple Choice

$100 is received at the beginning of year 1,$200 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 three is: (Round to the nearest whole dollar)


A) $672
B) $536
C) $427
D) $364
E) $489

Correct Answer:

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