Calculate the Time value of money of the following cash flows: (Formula only, Financial calculator and excel are not accepted!!!!!!!) a. Find the future value of £10 received today and deposited for 5 years at 8%. (1.5 marks) b. Find the present value of £10 to be received 5 years from now, assuming an opportunity cost of 7%. (1.5 marks) c. Find the future value of an ordinary annuity of £10 each year for 4 years, deposited at 6%. (1.5 marks) d. Find the present value of an ordinary annuity of £10 each year for 6 years, deposited at 6%. (1.5 marks) e. Find the present value of £500 received at the end of Year 1, £400 received at the end of Year 2, and £300 received at the end of Year 3, assuming an opportunity cost of 7%. (3 marks) f. Find the future value of the following cash flows at the end of year 3: £500 received at the end of Year 1, £400 received at the end of Year 2, £300 received at the end of Year 3, assuming an opportunity cost of 10%.
