Question: $ 1 , 2 0 0 is received in year 1 , $ 3 , 2 0 0 is received in year 2 , and

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

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