Interest Rate 5.587% This interest rate should be the same used on the last sheet. 2 3 You start with $10,000 in the bank at time zero. You add $2,000 to the account at the beginning of each year for 4 Including the initial sum in the bank, what is the present value and the future value of this cash flow stream? 5 (Hint: This is an annuity and lump sum cash flow problem rolled into one.) 6 7 PV= 4 points FV 4 points 9 You can use Excel functions or simply type in what you find with your calculator 10 recommend using Excel, but check your work with the calculator 11 Note: there are four tabs to complete! 12 8