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need help Intro You expect to receive a one-time payment of $1,000...

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Finance

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Intro You expect to receive a one-time payment of $1,000 in 6 years and a second payment of $1,500 in 11 years. The annual interest rate is 8%. Part 1 Attempt 1/1 What is the present value of the combined cash flows? Part 2 Attempt 1/1 If you invest the amount that you'll receive in 6 years, how much money will you have in year 11 (including the cash flow in year 11)

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