Calculate the Time value of money of the following cash flows: (Formula only, Financial calculator and excel are not accepted!!!!!!!)

a. Find the future value of 10 received today and deposited for 5 years at 8%. (1.5 marks)

b. Find the present value of 10 to be received 5 years from now, assuming an opportunity cost of 7%. (1.5 marks)

c. Find the future value of an ordinary annuity of 10 each year for 4 years, deposited at 6%. (1.5 marks)

d. Find the present value of an ordinary annuity of 10 each year for 6 years, deposited at 6%. (1.5 marks)

e. Find the present value of 500 received at the end of Year 1, 400 received at the end of Year 2, and 300 received at the end of Year 3, assuming an opportunity cost of 7%. (3 marks)

f. Find the future value of the following cash flows at the end of year 3:

500 received at the end of Year 1,

400 received at the end of Year 2,

300 received at the end of Year 3,

assuming an opportunity cost of 10%.