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?

Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

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

1 st yr =$1200

2 nd yr =$2200

3 rd yr =$3300

Time =12 months  at a rate of 12%

(1200 x 12 x 12x100)/100 = $172800

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

wezo (3)
Boston College

Anonymous
This is great! Exactly what I wanted.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4