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15 July, 21:43

At the end of year three, what is the future value of $1,000 to be received at the end of year one, $2,000 to be received at the end of year two, and $4,500 to be received at the end of year three assuming an interest rate of 6%?

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  1. 15 July, 22:11
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    Receive year

    1180 year 1

    2360 year 2

    5310 year 3

    Step-by-step explanation:

    i=C*i*t

    Interest capital Receive year

    i=1000*0,06*3 180 1000 1180 Year 1

    i=2000*0,06*3 360 2000 2360 Year 2

    i=4500*0,06*3 810 4500 5310 Year 3
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