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A wealthy relative has offered to finance their neice's veterinary education and practice set up through 14 end-of-year payments starting one year from now. The

A wealthy relative has offered to finance their neice's veterinary education and practice set up through 14 end-of-year payments starting one year from now. The first two payments would be $25,000 and $22,000 in one and two years respectively, and then $17,000 per year after that for 12 years. If the investment requires a return of 10.1%, what is the present value of this stream of cash flows? What is the present value of this stream of cash flows?

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