A payment schedule requires 20 annual payments of $10,000, the first payment to be made 15 years
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- A payment schedule requires 20 annual payments of $10,000, the first payment to be made 15 years from today. Using a discount rate of 10%, what is the present value of this series of payments?
- 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.
- The other payments are unchanged. Using a discount rate of 10%, what is the present value of this series of payments?
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