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It is the end of 2022. You plan to complete a Ph.D. in 5 years. Your favorite uncle has promised to help you with your
It is the end of 2022. You plan to complete a Ph.D. in 5 years. Your favorite uncle has promised to help you with your school expenses by giving you the following amounts for Christmas: Year 2023 2024 2025 2026 2027 Cash flow 1,400 1,600 1,800 2,000 2,200 Your uncle is fairly wealthy and very reliable. You currently have $10,000 in a savings account paying an annual interest rate of 15%. Now assume that the interest rate is 19%. What is the present value of all the gifts? 0+ decimals Submit Part 7 Attempt 1/10 for 1.5 pts. Still assume that the interest rate is 19%. What is the future value of all the gifts? 0+ decimals Submit
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