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You will receive the following stream of cash flows: Year 1 = 600 Year 2 = 1,000 Year 3 = 0 Year 4 = 200

You will receive the following stream of cash flows:

Year 1 = 600

Year 2 = 1,000

Year 3 = 0

Year 4 = 200

a.) Calculate the present value if the interest rate is 5%.

b.) Calculate the future value if the interest rate is 6%.

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