Assuming you will receive the cash flows listed below at the corresponding periods, assume a 5% rate.

Period: Cash Flow

0 - Now: 200

1: 600

2: 500

3: 100

4: 400

a) What is the present value of these cash flows?

b) What is the future value of these cash flows at year 4 (or when you get the last 200 cash flow)?

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