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