Question 1 (12 marks) You will receive equal payments of $1000 per year for each of the years 5 through 10. You will not receive any payments in Year 1 through 4. The interest rate is 3% for the first 4 years and 5% for the next 6 years. What is the present value of these future payments? Demonstrate using both Future Value Annuity and Present Value Annuity approaches. Will you get different answers for each approach? (12 marks)