Question

what is the approximate future value of $100 to be received in one year, $200 in two years, and $300 in three years, a 5% annual interest?

Answer 1

Year	Cash flows	FVIF@10%	Future value
0	$                  -	1.158	$                           -
1	$              100	1.103	$                  110.25
2	$              200	1.050	$                  210.00
3	$              300	1.000	$                  300.00
Future value			$   620.25