The following problem addresses issues related to present value.

CHAPTER $1$

LAST $2$ OR $3$ SLIDES FOR PART A

FOR PART B $1^{ST}$ EXERCISE IN CHAPTER $1$

a$.$ If today is January $20,2024,$ and the cost of capital $r=5\%,$ what is the net present value of the following cash flows as of January $20,2024$:

$\backslash$table$[[\frac{06}{18}\frac{?}{2025},$$$+700$