Business Finance
Math question Help Needed

Question Description

$1,200 is received at the beginning of year 1, $2,200 is received at the beginning of year 2, and $3,300 is received at the beginning of year 3. If these cash flows are deposited at 12%, their combined future value at the end of year 3 is?

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Final Answer

1200 (1=.12)^1 + 2200 (1+.12)^2 + 3300 (1+.12)^3

1344 + 2759.68 +4636.2624

 = $8739.94




Please let me know if you need any clarification. I'm always happy to answer your questions.

Gopal_R (1109)
Duke University

Anonymous
I was struggling with this subject, and this helped me a ton!

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