answer questions

Trevor Carr is your younger brother. He deposited $4,000 today at 12% interest for seven years. You would like to have just as much money at the end of the next seven years as your little brother. However, you can only earn 6% interest. How much more money must you deposit today than your brother if you are to have the same amount at the end of six years? What is the present value of the following set of cash flows four years from now? 2) Assume an interest rate of 9% Year 1 2 3 4 Cash Flow |1000 -1000 -1000 1000