You have an opportunity to make an investment that will pay ?$300 at the end of the first? year, ?$500 at the end of the second? year, ?$400 at the end of the third? year, ?$100 at the end of the fourth? year, and $ 200 at the end of the fifth year.
a. Find the present value if the interest rate is 6 percent. ?
b. What would happen to the present value of this stream of cash flows if the interest rate were zero? percent?