$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:
A) $6,700
B) $17,000
C) $12,510
D) $7,504
E) $8,141
E
Business
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