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1. You expect to receive the following future cash flows at the end of the years indicated: $500 in year 2, $1200 in year

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1. You expect to receive the following future cash flows at the end of the years indicated: $500 in year 2, $1200 in year 4, $800 in year 5 and $1500 in year 6. If the discount rate is 7% per year: 1) What is the present value of all four expected future cash flows? 2) What is the value of the four flows at year 5? 3) What is the value of the four flows at year 10?

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