4.What is the present value of the following future amounts?

a.$800 to be received 10 years from now discounted back to present at 10% _______________

b.$400 to be received 6 years from now discounted back to present at 6% _______________

5.What is the future value of each of the following streams of payments?

a.$500 a year for 10 years compounded annually at 6% _________________

b.$150 a year for 5 years compounded annually at 14% _________________