What is the future value at the end of year three of the following set of cash flows at an interest rate of 12% p.a. compounded annually? End of Year 1 $150 End of Year 2 $300 End of Year 3 $500 Select one: a. $1,204.61 b. $1,402.16 c. $1,024.16 d. $950.00

Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter4: Time Value Of Money
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What is the future value at the end of year three of the following set of cash flows at an interest rate of 12% p.a. compounded annually?

 

End of Year 1    $150

End of Year 2    $300

End of Year 3    $500


 

Select one:
a.

$1,204.61

b.

$1,402.16

c.

$1,024.16

d.

$950.00

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