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3. Find the present value of the following cash flows assuming interest rate is 6% ( 4 points) begin{tabular}{cccccccc} & Today & Yr. 1 &

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3. Find the present value of the following cash flows assuming interest rate is 6% ( 4 points) \begin{tabular}{cccccccc} & Today & Yr. 1 & Yr. 2 & Yr. 3 & Yr. 4 & Yr. 5 & Yr. 6 \\ Cash flow & 0 & $100 & $800 & $600 & $700 & -950 & $400 \end{tabular} 3. Find the present value of the following cash flows assuming interest rate is 6% ( 4 points) \begin{tabular}{cccccccc} & Today & Yr. 1 & Yr. 2 & Yr. 3 & Yr. 4 & Yr. 5 & Yr. 6 \\ Cash flow & 0 & $100 & $800 & $600 & $700 & -950 & $400 \end{tabular}

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