Deidra plans to make a series of deposits in an interest-bearing account. She wi

Question

Deidra plans to make a series of deposits in   an interest-bearing account.  She will   deposit $1,000 today, $2,000 in two years,
and $8,000 in five years.  If Deidra withdraws $3,000 in three years and $5,000 in seven years, how much will she save after
eight years if the interest rate is 9 percent ?  What is the present value of these cash flows?

Please show all work so I can follow the process.

Thanks!
Deidra plans to make a series of deposits in   an interest-bearing account.  She will   deposit $1,000 today, $2,000 in two years,
and $8,000 in five years.  If Deidra withdraws $3,000 in three years and $5,000 in seven years, how much will she save after
eight years if the interest rate is 9 percent ?  What is the present value of these cash flows?

Please show all work so I can follow the process.

Thanks!

Explanation / Answer

FV = 1000*(1.09^8)+2000*(1.09^6)+8000*(1.09^3)-3000*(1.09^5)-5000*1.09 = 5641.12

PV = 5641.12/1.09^8 = 2831.08

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