Solved

What Is the Future Value of the Following Cash Flows  Year 1$6,800 Year 2$2,100 Year 3$0\frac { \text { Year } 1 } { \$ 6,800 } \quad \frac { \text { Year } 2 } { \$ 2,100 } \quad \frac { \text { Year } 3 } { \$ 0 }

Question 46

Multiple Choice

What is the future value of the following cash flows at the end of year 3 if the interest rate is 7.25%? The cash flows occur at the end of each year.  Year 1$6,800 Year 2$2,100 Year 3$0\frac { \text { Year } 1 } { \$ 6,800 } \quad \frac { \text { Year } 2 } { \$ 2,100 } \quad \frac { \text { Year } 3 } { \$ 0 }


A) $8,758.04
B) $8,806.39
C) $10,073.99
D) $10,314.00
E) $10,804.36

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions