1) You contribute $200 per month to your retirement plan and your employer matches 50% of that amount every month. Assume that you work for this employer for 10 years and the applicable discount rate is 7.25% per year. Given these assumptions, what is this benefit worth to you in today's dollars?

2) Your company is scheduled to earn a stream of royalty payments from a distributor in the amount of $400 per month (NOT $4,800 per year but rather $400 per month) for the next 7 years. If the company earns 8.25% per year on its money, what is this total royalty stream worth to the company today?