(For example, Mike's ID os DF3427, for him i=7%) Calculate the: (a) present value (b) future value (end of year 6) (C) The economic equivalent series of annual cash flows (i.e. the equivalent 6 equal payments (A)) $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 0 5 6 1 21 3 4 Years $4,000 $4,000 $1,000 $8,000 (a) present value (b) future value (end of year 6) (c) The economic equivalent series of annual cash flows (i.e. the equivalent 6 equal payments (A)) $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 0 1 21 3 4 Years $4,000 $4,000 5 $1,000 $8,000