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 4th year through the end of the 10th year, he will receive an annuity of $27,000 per year. At a discount rate of 16 percent, what is the present value of all three future benefits? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value of all future benefits Cal Lury owes $28,000 now. A lender will carry the debt for seven more years at 8 percent interest. That is in this particular case, the amount owed will go up by 8 percent per year for seven years. The lender then will require that Cal pay off the loan over the next 15 years at 11 percent interest. What will his annual payment be? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Annual payments ences