1. How much do you have to deposit today so that beginning eleven years from now you can withdraw $10,000 a year for five years (periods 11 to 15) plus an additional amount of $20,000 in that last year (period 15)? Assume an interest rate of 7% p.a. Please show all working out.

2. You have been asked to estimate a riskless rate in Indonesian Rupiah. The Indonesian government has rupiah denominated bonds outstanding with an interest rate of 17%. S&P has a rating of BB on these bonds, and the typical spread for a BB rated country is 5% over a riskless rate. Estimate the rupiah riskless rate.

Please explain and do not copy from Chegg. Otherwise i have to report the answer.