10. What is the present value of the following cash flow stream at a rate of 8.0%? Years: 0 1 2 3 CES: $750 $2,450 $3,175 $4,400 11. On January 1, 2016, your sister's pet supplies business obtained a 10-year amortized mortgage loan for $80,000 at a nominal annual rate of 7.0%, with 120 end-of-month payments. Set up an amortization schedule that shows the monthly payments and the amount of each payment that repays the principal and the amount that constitutes interest expense to the borrower and interest income to the lender. The firm can deduct the interest paid for tax purposes. What will the interest tax deduction be for 2016