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Assume that today is January 1 , year 1 . Assuming an 8 % discount rate, what is the future value of each of the

Assume that today is January 1, year 1. Assuming an 8% discount rate, what is the future value of each of the following cash flows?
a. Future value in three years of $52 received now (i.e., the value on December 31, year 3)
b. Future value in 100 years of $52 received now (i.e., the value on December 31, year 100)
c. Future value at the end of 20 years of $ID received each year at the end of the year (i.e., the value at December 31, year 20, with one payment received each December 31 from year 1 to year 20)
d. Future value at the end of 20 years of $ID received each year at the beginning of the year (i.e., the value at December 31, year 20, with one payment received each January 1 from year 1 to year 20)

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