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

Question 116

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) $ 8,141.

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