Using an interest rate of ___6____ percent, compute the present value in total of a flow received: of ___20,000___ one year from now, ___22,000___ two years from now and ___23,000___ three years from now.
Using the same interest rate as in #1 above, compute the present value of the receipt of ___27,000___ at the end of each year in perpetuity.