Question: Solve the following problems. Show all calculations and steps. 7. Del Monty will receive the following payments at the end of the next three years;

Solve the following problems. Show all calculations and steps.

7. Del Monty will receive the following payments at the end of the next three years; $2000,$3,500, and $4,00. Then from the end of the fourth year through the end of the tenth year, he will receive annuity of $5000. per year. At a discount rate of 9 percent, what is the present value of the three future benefits

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