Question: What is the total future value six years from now of $80 received in one year, $300 received in two years and $700 received in

What is the total future value six years from now of $80 received in one year, $300 received in two years and $700 received in five years if the discount rate is 7%?

1. $1,080.00

2. $1,047.15

3. $1,205.44

4. $1,254.44

5. $1,299.15

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The correct answer is 4 125444 Explanation Present value of 80 received in one year 80 x PVIF ... View full answer

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