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What will be combined future value at the end of the year

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Problem 1: 1, $2,200 is received at the beginning of year 2, and $3,300 is received at the beginning of year 3. If these cash flows are deposited at 12 percent, what will be their combined future value at the end of year 3?

Option 1. $12,520

Option 2. $9,413

Option 3. $8,342

Option 4. $8,735

Reference no: EM132643636

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