1. What is the value in year 5 of a $620 cash flow made in year 8 if interest rates are 10 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
2. Creat a question related to Time Value of Money.
So, here's how this will go:
Part 1: Please create and post one problem-solving type question.
Part 2: Also please post the step by step solution to the problem.