Bridget Jones has a contract in which she will receive the following payments for the next five years: $17,000, $18,000, $19,000, $20,000, $21,000. She will then receive an annuity of $24,500 a year from the end of the sixth year through the end of the 15^th year. The appropriate discount rate is 18 percent.

a. What is the present value of all future payments?