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Problem 6-3 Future Value and Multiple Cash Flows [LO1] Fuente, Inc

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Problem 6-3 Future Value and Multiple Cash Flows [LO1]

Fuente, Inc., has identified an investment project with the following cash flows.

YearCash Flow1 $920 2  1,150 3  1,370 4  2,110 

a.If the discount rate is 9 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b.If the discount rate is 12 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)c.If the discount rate is 23 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)