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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 year Assuming an discount rate, what is the future value of each of the following cash flows?
a Future value in three years of $ received now ie the value on December year
b Future value in years of $ received now ie the value on December year
c Future value at the end of years of $ID received each year at the end of the year ie the value at December year with one payment received each December from year to year
d Future value at the end of years of $ID received each year at the beginning of the year ie the value at December year with one payment received each January from year to year
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