Question: Problem 3 Intro You expect to receive a one-time payment of $1,000 in 8 years and a second payment of $1,500 in 13 years. The


Problem 3 Intro You expect to receive a one-time payment of $1,000 in 8 years and a second payment of $1,500 in 13 years. The annual interest rate is 6%. Attempt 1/10 for 8 pts. E Part 1 What is the present value of the combined cash flows? No decimals Submit Attempt 1 /10 for 8 pts. Part 2 If you invest the amount that you'll receive in 8 years and include the cash flow in year 13, how much money will you have in year 13? No decimals Submit Part 3 BAttempt 1/10 for 8 pts. If you invest the amount found in part 1 for 8 years, how much will you have at the end? No decimals Submit BAttempt 1/10 for 8 pts. Part If you invest the amount found in part 3 for another 5 years, how much will you have at the end? No decimals Submit
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