ILL UPVOTE 100%!!! Draw out the time line. Time line must include all cash flows stipulated in the problem occurring at the time period stipulated in the problem.

On the time line, include arrows indicating the compounding or discounting of cash flows to the desired time period.

Under the time line, hand written explanation of your plan to solve the problem.

Suppose you just bought a boat that has the following payment plan: $3000 in 5 years, $7,000 in 8 years and $4,000 in 10 years. Find the total value of the boat if the interest rate is 4%