What is the future value eight years from now of each of the following cash-flow streams if

Question:

What is the eight years from now of each of the following cash-flow streams if money can earn 9% compounded semiannually?
a. A single payment of $5000 today.
b. An ordinary starting today with eight annual payments of $900.
c. An ordinary starting in three years with 20 quarterly payments of $400.
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,... Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...