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Question 3 ( 1 5 marks ) Following is the time - line of a monthly cash flow with the interest rate is j 1

Question 3(15 marks) Following is the time-line of a monthly cash flow with the
interest rate is j12=6% p.a.:
(a) Find the future value of the cash flow if x=Y=$100.[5 marks]
(b) Find the future value of the cash flow if x=120,Y=150.[5 marks]
(c) Suppose the future value of this cash flow is $1,220. Fid the size of payment Y if
x=80.[5 marks]
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