Question: Mr . Denfine has just borrowed $ 1 0 0 0 from Mr . Black. Mr . Denfine agreed to pay Mr . Black $

Mr. Denfine has just borrowed $1000 from Mr. Black. Mr. Denfine agreed to
pay Mr. Black $300 in one week, $400 in two weeks, and $500 in
three weeks. If the interest rate is 1% per week, what is the future value
of this payment flow in 3 weeks? OPTIONS:
1210.03
1222.13
1178.34

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