You have been awarded a settlement of $15000 per year for the next three years. The fair rate is 8%. I offer to pay you $40000 for it now. Should you...

You have been awarded a settlement of $15000 per year for the next three years. The fair rate is 8%. I offer to pay you $40000 for it now. Should you sell it? B. You have borrowed $220000 for a new house. The rate is 6%. Repayment is structured as a 20 year, 4% growing annuity. What is your first payment?