What is the future value of this cash flow stream: $100 at the end of 1 year, $150 due after 2 years, and $300 due after 3 years if the appropriate interest rate is 15%?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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What is the future value of this cash flow stream: $100 at the end of 1 year, $150 due after 2 years, and $300 due after 3 years if the appropriate interest rate is 15%? 
Expert Solution
Step 1

Since we know that formula for future value is given by

Future Value = P(1 + r)n

Where,

P = Present Value.

r = Interest Rate

 n = Number of Compounding Periods

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