Intro Wells Fargo offers a new savings product: You make the following payments over the next 5 years and will then receive a lump sum payment 35 years from now. Year Payment 1 300 2 400 3 500 4 600 5 700 The annual interest rate is 9% for the next 5 years, then 3% for the following 30 years. Attempt 1/10 for 1 pts. Part 1 What is the future value of your investment in year 35? 0+ decimals Submit Intro You expect to receive two cash flows: $7,000 paid after 3 years and $14,000 paid after 6 years. The annual interest rate is 2%. Part 1 8 Attempt 1/10 for 1 pts. What is the present value of the combined cash flows? 0+ decimals Submit Intro The annual interest rate is 4%. Part 1 What is the present value (PV) of $1,000 that you'll receive in 14 years? 0+ decimals Submit Attempt 1/10 for 1 pts