Mr. Paulson has just borrowed $1,000 from Mr. Black. Mr. Paulson has agreed to pay Mr. Black $300 in one week, $400 in two weeks, and $500 in three weeks. If the interest rate is 1% per week, what is...




Mr. Paulson has just borrowed $1,000 from Mr. Black. Mr. Paulson has agreed to pay Mr. Black $300 in one week, $400 in two weeks, and $500 in three weeks. If the interest rate is 1% per week, what is the future value of this payment stream in 3 weeks' time?





Multiple Choice




  • $1,222.13





  • $1,200.00





  • $1,210.03





  • $1,178.34





  • $1,190.13



Show all the steps and formulas if necessary





Jun 04, 2022
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