Determine the present value of all future benefits


Problem:

Rusty Steele will receive the following payments at the end of the next 3 years: $4,000, $7,000 and $9,000. Then from the end of the 4th year through the end of the 10th year, he will receive an annuity of $10,000. At a discount rate of 10%, what is the present value of all future benefits?

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Finance Basics: Determine the present value of all future benefits
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