Suppose you receive $500 at the end of each yoar for the next three years. a. If the interest rate is 7%, what is the present value of these cash flows? b. What is the future value in three years of the present value you computed in (a)? c. Supposo you deposit the cash flows in a bank acoount that pays 7% interest per year. What is the balance in the acoount at the end of each of the next three years (affer your deposiz is made How does the final bank balance compare with your answer in (b) ? a. The present value of the cash flow is $ (Round to the nearost cont.)