Activity $1$ Practice drawing timelines $($Solutions to be demonstrated in class$)$

Draw a timeline to illustrate the following sets of cash flows.

$1)$ A lump sum payment of $$1000$ made in $5$ year's time

$2)$ A lump sum payment of $$1000$ received $5$ years from today $($now$)$

$3)$ A lump sum payment of $$1000$ made $5$ years later

$4)$ A lump sum payment of $$1000$ made at the end of year $5$

$5)$ A lump sum payment of $$1000$ was made at the beginning of year $6$

$6)$ $$1000$ paid annually for $5$ years with the first payment being paid at the end of the first year