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?