$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 percent, their combined future value at the end of year 3 is:
A) $6,700
B) $17,000
C) $12,510
D) $7,504
E) $8,141
E
You might also like to view...
Which of the following statements is not true about adjusting entries?
a. Adjusting entries must be both journalized and posted. b. Adjusting entries are normally supported by an explanation. c. Adjusting entries are dated as of the last day of the period. d. Omission of adjusting entries will have over- or understatement impacts on the income statement but not the balance sheet.
A company assigns all of its employees an e-mail address using their first and last initial and then a three-digit number, such as AB123. The input mask for this field would be ____________________
Fill in the blank(s) with correct word
Service times in an automobile repair shop tend to follow which probability distribution?
A) exponential B) normal C) triangular D) binomial E) Erlang
A person may be liable under Section 16(b) of the 1934 Act if he or she was an officer or director at the time of:
a. the purchase. b. the sale. c. both the purchase and the sale. d. either the purchase or the sale.