Question: 3. Future value with multiple cash flows - Suppose you deposit $100 today in an account paying 7 percent interest. In one year, you will

3. Future value with multiple cash flows - Suppose you deposit

3. Future value with multiple cash flows - Suppose you deposit $100 today in an account paying 7 percent interest. In one year, you will deposit another $100. How much is the second $100 deposited at the end of the first year worth at the end of the second year. (Drawing the timeline of cash flows is helpful. And you might use PV factor, financial calculator or excel, but I recommend you use fianncial calculator or excel) Multiple Choice $117.49 $111.49 $107.49 $127.31

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