Question: Answer is D but i don't know how to set it up. 30. A smart consultant has been hired to help a start up company.

Answer is D but i don't know how to set it up.

Answer is D but i don't know how to set it up.
30. A smart consultant has been hired to help a start up company. The company cannot afford to pay the consultant today but will defer compensation for exactly 9 years. Starting at the end of year 9, the consultant will receive 15 yearly payments of $20,000. If the consultant has a discount rate (interest rate) of 12%, what is the value of these payments AS to the consultant today? (ROUND TO THE NEAREST DOLLAR) a . $34,964 b. $39,159 C. $43,858 d. $55,016 e. $61, 618

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