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Problem:

If you receive $2,590 at the end of each year for the first three years and $627 at the end of each year for the next two years. What is the future value of this cash flow stream? Assume interest rate is 6%.

a. 10,556.29

b. 32,466.17

c. 15,000

d. 17,315.92

Please provide step by step solution and also provide all workings.

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Reference No.:- M91147306

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