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1.If the interest rate is 10%, what is the present value of the Econ Air's profits in the next 10 years? Number of Years Profit

1.If the interest rate is 10%, what is the present value of the Econ Air's profits in the next 10 years?

Number of Years Profit 1 Present Value

in the Future (Millions of Dollars) (1+i )t

1 8

2 10

3 12

4 14

5 15

6 16

7 17

8 15

9 13

10 10

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