The following series of payments are data for questions 3-4 - 3-6: Year End-of-Year Payment
1- $1400
2- 1320
3 -1240
4- 1160
5- 1080
3-4 What present sum is equivalent to above series of payments at a 10% interest rate?
3-5 What future sum is equivalent to above series of payments at a 10% interest rate?
3-6 What single sum at year 3 is equivalent to above series of payments at a 10% interest rate?