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Del Monty will receive the following payments at the end of the next three years: $ 2 1 , 0 0 0 , $ 2

Del Monty will receive the following payments at the end of the next three years: $21,000,$24,000, and $26,000. Then from the end
of the fourth year through the end of the tenth year, he will receive an annuity of $27,000 per year.
At a discount rate of 16 percent, what is the present value of these future benefits? (Use a Financial calculator to arrive at the answer.
Round the intermediate and final answer to the nearest whole dollar.)
Present value of all future benefits
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