(Answered) Consider the following series of paymentsyear 0 20year 1

Economics

Consider the following series of payments:

Year 0: 20

Year 1: 30

Year 2: 40

Year 3: 10

Year 4: 5

Using an interest rate of 10%:

a. What is the present value of this series of payments?

b. What is the future value of this series of payments in year 5?

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