What Is the Future Value of the Following Cash Flows $$\frac { \text { Year } 1 } { \$ 9,820 } \quad \frac { \text { Year } 2 } { \$ 0} \quad \frac { \text { Year } 3 } { \$ 4,510 }$$

Multiple Choice

What is the future value of the following cash flows at the end of year 3 if the interest rate is 9%? The cash flows occur at the end of each year. $$\frac { \text { Year } 1 } { \$ 9,820 } \quad \frac { \text { Year } 2 } { \$ 0} \quad \frac { \text { Year } 3 } { \$ 4,510 }$$

A) $15,213.80
B) $15,619.70
C) $15,916.78
D) $16,177.14
E) $17,633.08