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A. Steve receives $1500/month from a trust fund for 30 years when he turns 20 years old. What is the present value of total

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A. Steve receives $1500/month from a trust fund for 30 years when he turns 20 years old. What is the present value of total payment given discount rate of 7%. B. You rent a booth in Christina Mall to sell cell phone covers. You order the covers from a ware house for $28 a dozen (12 pieces). The average selling price for the covers is $9.98. You have to pay $3200 for the monthly rent and $200 administration fee every month. Please calculate your monthly Break Even Point.

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