What is present value of all three future benefits

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Reference no: EM131572012

Del Monty will receive the following payments at the end of the next three years: $9,000, $12,000, and $14,000. Then from the end of the 4th year through the end of the 10th year, he will receive an annuity of $15,000 per year.

At a discount rate of 12 percent, what is the present value of all three future benefits? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Reference no: EM131572012

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