2. 6.2 Future value with multiple cash flows You plan to make a series of deposits in an individual retirement account. You will deposit $1 000 today, $2 000 in two years and $2 000 in five years. If you withdraw

$1 500 in three years and $1 000 in seven years, assuming no withdrawal penalties, how much will you have after eight years if the interest rate is 7 per cent? What is the present value of these cash flows?