A company expects to receive $

$50$

$,$

$000$

$$in the next three years, followed by $

$70$

$,$

$000$

$$for the following five years? The first payment will be received at the end of the year.

a

$)$

$$What is the future value of the payments in year

$8$

$$if the interest rate is

$8$

$\%$

$$for the foreseeable future?

b

$)$

$$What is the future value of the payments in year

$8$

$,$

$$if the interest rate is

$6$

$\%$

$$for the first three years, and

$7$

$\%$

$$thereafter$?$ USE EXCEL!!!!!!