VTEPS, Inc. has decided to provide your team $200,000 today for your BRG efforts. It expects you to repay this at the end of 5 years with a 12% annual interest rate.
What is the amount that you will repay in 5 years?
What if VTEPS, Inc. wants two equal payments at the end of years 4 & 5 only?
What is the amount of these two payments?