1) You will receive 5 payments of 8000 per year, with the first payment starting today. the interest rate is 4%, what is the present value of this cash stream? (SHOW WORK)
2) You are going to buy a boat for 40000, what is your monthly payment if you have a 3% loan with a 8 year maturity?
3) You receive 4000 starting at the end of year 2, 3500 at the end of year 6 and 2000 at the end of year 10. With an interest rate of 6% what is the present value of these cash flows?