Compute the future value and present value of Cash Flows
You need to use the functions built in in excel to answer the question. Manually fill in the answer will receive 0 point
a) What is the future value of these cash flows at the end of year 9 (Assume CFs occur at the end of each year)?

Year	CF
1	15,000
2	17,000
3	21,040
4	22,987
5	24,000
6	35,800
7	21,900
8	15,890
9	24,000

Interest rate =

6%

b) Compute the present value of the CFs in part a)

c) Repeat part a and b with the cash flows occur at the beginning of the period instead.

Year	CF
1	15,000
2	35,000
3	24,000
4	17,000
5	12,500
6	35,800
7	24,000
8	15,890
9	20,000