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On 12-31-14 J entered into an agreement allowing J to collect the following: Starting 12-31-14, $750 every 12-31 until 2025. Nothing in 2026 On 12-31-27,

On 12-31-14 J entered into an agreement allowing J to collect the following:

Starting 12-31-14, $750 every 12-31 until 2025.

Nothing in 2026

On 12-31-27, a one-time collection of $15,000.

Nothing in 2028 or 2029.

Starting 12-31-30, $350 every 12-31 until 12-31-43.

How much total cash will J eventually collect?

Assume a market interest rate of 3%. As of 12-31-14, what was the present value of Js receivable?

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