You expect to receive $5,400 2 years from now,$6,300 3 years from now,and $10,900 6 years from now.What is the future value of these cash flows 7 years from now if the interest rate is 7.4 percent,compounded annually?
A) $25,916.78
B) $28,109.08
C) $27,805.20
D) $29,341.02
E) $25,889.39
Correct Answer:
Verified
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