What is the total future value six years from now of $80 received in one year, $300 received in two years and $700 received in five years if the discount rate is 6%? Hint: Use a timeline. O$1,227.80 $1,189.93 $1,245.44 $1.080.00

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter1: Understanding Personal Finance
Section1.4: Perform Time Value Of Money Calculations
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What is the total future value six years from now of $80 received in one year, $300
received in two years and $700 received in five years if the discount rate is 6%?
Hint: Use a timeline.
O $1,227.80
$1,189.93
$1,245.44
$1.080.00
$1,368.52
Transcribed Image Text:What is the total future value six years from now of $80 received in one year, $300 received in two years and $700 received in five years if the discount rate is 6%? Hint: Use a timeline. O $1,227.80 $1,189.93 $1,245.44 $1.080.00 $1,368.52
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