Using a financial calculator or an Excel spreadsheet, calculate the following.
a. The present value of $500 to be received 4 years from now, using an 11% discount rate.
b. The present value of the following end-of-year income streams, using a 9% discount rate and assuming it is now the beginning of 2015.

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End of Year 2015 2016 2017 2018 2019 2020 2021 Income () ncome($) StreamA 80 80 80 80 80 80 80 Stream B 140 120 100 80 60 40 20