Question: What is the total future value six years from now of $70 received in one year, $275 received in two years and $700 received in

What is the total future value six years from now of $70 received in one year, $275 received in two years and $700 received in six years if the discount rate is 8%? Hint: Use a time line.

1.

$1,080.01

2.

$1,176.99

3.

$1,205.44

4.

$1,254.44

5.

$1,299.57

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