What is present value of all three future benefits

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Reference no: EM131990034

Del Monty will receive the following payments at the end of the next three years: $24,000, $27,000, and $29,000. Then from the end of the 4th year through the end of the 10th year, he will receive an annuity of $30,000 per year. At a discount rate of 16 percent, what is the present value of all three future benefits?

Reference no: EM131990034

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