You are planning to set aside the following amounts of money in the next several years, that are part of your grad school tuition savings:

Year	Cash Flow
1	$500
2	925
3	1,150
4	1,300

a.The bank in which these amounts will be deposited will be paying you a 9 percent interest. How much will you have in your bank in 4 years from these deposits?

b. What is the future value at a discount rate of 17 percent? c. What is the future value at discount rate of 27 percent?