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You Receive $1,200 Today,$2,200 in One Year,and $3,300 in Two

Question 20

Multiple Choice

You receive $1,200 today,$2,200 in one year,and $3,300 in two years.If you deposit these cash flows in an account earning 12%,how much money is in the account three years from now?


A) $6,221
B) $5,554
C) $7,269
D) $8,142

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