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1.A payment schedule requires 20 payments of $10,000, the first payment to be made 15 years from today. Assuming a discount rate of 10%, what is the
1. A payment schedule requires 20 payments of $10,000, the first payment to be made 15 years from today. Assuming a discount rate of 10%, what
is the present value of this series of payments?
1b. Assume the payment schedule in problem 1 changes as follows:
. the payment 17 years from today is waived, and
. a payment of $20,000 is made 18 years from today.
Assuming a discount rate of 10%, what is the present value of this series
of payments?
