20. Assume that $100 is received at the beginning of year 1, and that $200 is received at the beginning of year 2, and that $300 is received at the beginning of year 3. If these cash flows are deposited at 12 percent, their combined future value at the end of year 3 is ________.of year 3 is ________. A) $1,536 B) $ 672 C) $ 727 D) $1,245

Financial Management: Theory & Practice
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ISBN:9781337909730
Author:Brigham
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Chapter4: Time Value Of Money
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20. Assume that $100 is received at the beginning of year 1, and that $200 is received at the beginning of year 2, and that $300 is received at the beginning of year 3. If these cash flows are deposited at 12 percent, their combined future value at the end of year 3 is ________.of year 3 is ________.
A) $1,536
B) $ 672
C) $ 727
D) $1,245

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