Future and Present Values of Multiple Cash Flows

You deposit $$1,000$ in a savings account that earns $6\%$ annually. Over the next two years, you plan to add $$500$ and $$700$ respectively. Calculate the future value of your account after two years. Assume you make no further deposits after two years and the account continues to earn interest for three more years. What would be the total amount in your account at the end of five years?

Using the above scenario, calculate the present value of these cash flows if the discount rate is $6\%.$