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.
A) $8,758.04
B) $8,806.39
C) $10,073.99
D) $10,314.00
E) $10,804.36
Correct Answer:

Verified
Correct Answer:
Verified
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