At an interest rate of 15% per annum, cash flows of $1,000 today, $2,000 in 1 year and $6,000 in 2 years have a future value in 2 years of:
A) $10,200.46.
B) $9,709.37.
C) $8,700.00.
D) $9,622.50.
Correct Answer:
Verified
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