Given the following cash flow at the end of each year, what is the future value of
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Question:
Given the following cash flow at the end of each year, what is the future value of this cash flow at 3%, 9%, and 18% interest rates at the end of year 7?
year 1. $15,000
year 2. $20,000
year 3. $29,000
year4 through 6. $0
year 7. $130,000
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