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1) You have won a swepstake that gives you 5 annual installments of $5,000 with the first one received today. If the annual discounting rate
1)You have won a swepstake that gives you 5 annual installments of $5,000 with the first one received today. If the annual discounting rate is 19%, what is the future value (at the end of last installment) of these cash flow installments?
2)You have won a swepstake that gives you 6 annual installments of $7,000 with the first one received today. If the annual discounting rate is 7%, what is the present value (today) of these cash flow installments?
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