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Frontier has been ordered to pay reparations for damage caused by their operations. As part of the verdict Frontier is required to make the first

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Frontier has been ordered to pay reparations for damage caused by their operations. As part of the verdict Frontier is required to make the first payment of $25 million in year 3.535 milion each in years 4 and 5.545 million at the end of years 67 9 and 10 to settle the plaintiffs grievances. Frontier would like to set aside a lumpsum amount today in an account that pays interest at an annual rate of 9 to meet the verdict. How large should the amount be? (10 points) $196,86 million 5160 61 million 52145 million 5320 milion

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