Question: Given the following cash flows, what is the future value if the interest rate is 5%? Year 1 2 3 Cash Flow $400 $650 $900

Given the following cash flows, what is the future value if the interest rate is 5%?

Year

1

2

3

Cash Flow

$400

$650

$900
a.

$1,798.70
b.

$2,023.50
c.

$1,676.24
d.

$2,053.46

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