Question: what is the total future value to the nearest Dollar, 6 years from now of $80 received in one year,$300 received in two years, and
what is the total future value to the nearest Dollar, 6 years from now of $80 received in one year,$300 received in two years, and $200 received in six years if the discount rate is 7%?
$803
$1,127
$1,295
$1,290
none of the above
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
