What is the present value of all future benefits

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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 fourth year through the end of the tenth year, he will receive an annuity of $15,000 per year.

At a discount rate of 12 percent, what is the present value of these future benefits? Use Appendix B and Appendix D. (Round "PV Factor" to 3 decimal places. Do not round intermediate calculations. Round the final answer to the nearest whole dollar.)

What is the Present value of all future benefits?

Reference no: EM132709888

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