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

Question 53

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) $17,000
C) $12,510
D) $7,504
E) $8,141

Correct Answer:

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