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a. What is the present value of the following set of cash flows, discounted at 10.2% per year? Year CF 1 $12 2 $24 3 $36 4 $48 5 $60 b. What is the present value of the following set of cash flows, discounted at 10.2% per year? Year CF 1 $60 2 $48 3 $36 4 $24 5 $12 c. Each set contains the same cash flows ($12, $24, $36, $48, $60), so why is the present value different? a. What is the present value of the following set of cash flows, discounted at 10.2% per year? Year CF 1 $12 2 $24 3 $36 4 $48 5 $60 The present value of the cash flow stream is $. (Round to the nearest cent.) You have a balance of $5,000 on your credit card, which charges an interest rate of 1.7% per month. Looking at your budget, you figure you can make the following payments. Will they be enough to pay off your credit card? 6 Month CF 1 $445 2 $505 3 $565 4 $625 5 $685 7 $805 8 $865 $745 (Select from the drop-down menus.) The present value of your payments is the amount of the loan, so you be able to pay off the loan. What is the present value of $8,000 paid at the end of each of the next 86 years if the interest rate is 6% per year? The present value is $. (Round to the nearest cent.) Your grandmother has been putting $3,000 into a savings account on every birthday since your first (that is, when you turned one). The account pays an interest rate of 7%. How much money will be in the account immediately after your grandmother makes the deposit on your 18th birthday The amount in the account upon your 18th birthday is $. (Round to the nearest dollar.)