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Question 3 Following is the time - line of a monthly cash flow with the interest rate is j _ 1 2 = 6 %

Question 3 Following is the time-line of a monthly cash flow with the interest rate is j_12=6% p.a.
(a) Find the Future value of the cash flow if X=Y=$ 100.
(b) Find the future value of the cash flow if X=120, Y=150.
(c) Suppose the future value of this cash flow is $1,220. Fid the size of payment Y if
X =80.[5 marks],220 and find the size of Y if X is 80?
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