Question

​$1,200 is received at the beginning of year​ 1, $2,200 is received at the beginning of year​ 2, and​ $3,300 is received at the beginning of year 3. if these cash flows are deposited at 12​ percent, their combined future value at the end of year 3 is​ ________.

Answer 1

​$1,200 is received at the beginning of year​ 1, $2,200 is received at the beginning of year​ 2, and​ $3,300 is received at the beginning of year 3. if these cash flows are deposited at 12​ percent, their combined future value at the end of year 3 is​ 6700.

Answer 2

the answer is $6,700