1. For the following mixed stream of cash flows, determine the future value at the end of the final year if deposits are made at the beginning of each year into an account paying annual interest of 9%, assuming no withdrawals are made during the period.
Cash Flow Stream
Year 1 18000
Year 2 8600
Year 3 6300
Future Value = _______(round to nearest cent)
2. Find the present value of the following mixed stream of cash flows using a discount rate of 8?%. Assume the cash flows are received at the end of each year.
Cash Flow Stream
Year 1 1000
Year 2 4000
Year 3 3000
Present Value ______(round to the nearest cent)