(4 points) On 12-31-14 J entered into an agreement allowing J to collect the following:

Starting 12-31-14, $750 every 12-31 until 2025.

Nothing in 2026

On 12-31-27, a one-time collection of $15,000.

Nothing in 2028 or 2029.

Starting 12-31-30, $350 every 12-31 until 12-31-43.

How much total cash will J eventually collect?

Assume a market interest rate of 3%. As of 12-31-14, what was the present value of Js receivable?

(2 points) On 12-31-13 O accepted a 3%, 6-year, $1,000,000 note in exchange for services O rendered to P. O will collect the note principle in full upon maturity and O will collect interest every December 31 starting December 31, 2014. The market rate of interest at the time services were rendered was 4%. What was the present value of Os receivable as of 12-31-13?