1) Suppose interest rate of 8%. Company receives cash flows of $653 at end of year 5, $357 at the end of year 7, and $687 at end of year 10. find out future value of this cash flow stream.
2) How much do you require to invest today in order to contain $7,134 at the end of 27 years if you are certain to earn the interest at the rate of 13%, if interest is compounded monthly?
3) Suppose interest rate of 3%. Assume that you get $116,007 at the end of each year for 4 years. Assume that this cash flow begins at the end of fourth year. find out the current value. Determine the years that will take you to double your money if you can earn 6% each year, if it is given that compounding is quarterly?