Problem:
Chuck Brown will receive from his investment cash flows of $3,145, $3,500, and $3,810 at the end of years 1, 2 and 3 respectively.
Required:
Question: If he can earn 7.5 percent on any investment that he makes, what is the future value of his investment cash flows at the end of three years?
Note: Please provide equation and explain comprehensively and give step by step solution.