a) What is the total future value of six years from now of GHC50,000 received in one year, GHC200,000 received in two years, and GHC800,000 received in six years if the discount rate is 8%?

b) You would like to put aside GHCC2,500 annually over 10 years to accumulate enough funds to put down on a house. Establish how much this fund would accumulate over a 10 year period if the interest rate is 20%