Problem:
What is the future value at year 3 of the following set of cash flows if the appropriate discount rate is 11%?
|
Year
|
0
|
1
|
2
|
3
|
|
Cash Flow
|
$100
|
$150
|
$200
|
$300
|
A. 863.57
B. 806.82
C. 616.82
D. 843.57
Additional Information:
This question belongs to Finance as well as it is about calculation of discount rate for cash flows.