Assuming that money is worth 10%, compute the present value of 1.\($7,000\) received 15 years from today.

2.The right to inherit \($1,000,000\) 14 years from now.

3.The right to receive \($1,000\) at the end of each of the next six years.

4.The obligation to pay \($3,000\) at the end of each of the next 10 years.

5.The right to receive \($5,000\) at the end of the 7th, 8th, 9th, and 10th years from today.