Math question Help Needed

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

$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?

Jun 10th, 2015

Thank you for the opportunity to help you with your question!

FV= PV (1 + i) + PV (1+I)^2 + PV (1+i)^3
fv=1200(1.12)+2200(1.12)^2+3300(1.12)^3
fv=1344+2760+4636.27
fv=8740 aprrox


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Jun 10th, 2015

this is approximate ans so please check ................................dont withdraw like first

Jun 10th, 2015

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