Question: PLEASE MAKE SURE TO SHOW ME THE WORK (THE FORMULA) 1. Find the future value of the following cash flow stream if the appropriate discount

PLEASE MAKE SURE TO SHOW ME THE WORK (THE FORMULA)

1.Find the future value of the following cash flow stream if the appropriate discount rate is 10 percent.

YearCash Stream

1$500

2200

3450

4450

5150

2.You borrow $50,000 today. If the interest rate is 6 percent compounded monthly and you make monthly payments of $250, how long will it take you to pay off your loan? Make sure to show your work.

3.Your goal is to save $75,000 at the end of 8 years. Today, you deposit $10,000. You make an additional 5 yearly deposits growing at 5 percent. What must the interest rate be? Make sure to show your work.

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