Question: I have the same question with different values. The answer given by the institution is 154,312.28. The answer I get by the above method is

I have the same question with different values. The answer given by the institution is 154,312.28. The answer I get by the above method is 195,199.43.

Question: Sally has a 34-year income stream which pays her $19,000 p.a. at the end of each year. The first payment will be made in 4 years. If she wants to cash out this income stream, how much will she receive? Assume the relevant interest rate is 9% p.a., compounding annually.

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