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3. Pedro Perluser has a contract in which he will receive the following payments for the next five years: $1,000, $3,000, $3,000, $4,000, and $5,000.
3. Pedro Perluser has a contract in which he will receive the following payments for the next five years: $1,000, $3,000, $3,000, $4,000, and $5,000. She will then receive an annuity of $9,500 a year from the end of the 6th through the end of the 15th year. The appropriate discount rate is 8 percent.
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