P4A. 11 (similar to) Question Help How much should you be willing to pay for a lump sum of $15,000 4 years from now if you can earn 7% every 6 months on other similar investments? The amount you should be willing to pay, PV, is 5 (Round to the nearest cent.) P4A.13 (similar to) Question Help Consider the streams of income given in the following table: a. Find the present value of each income stream, using a discount rate of 3%, then repeat those calculations using a discount rate of 8%. b. Compare the calculated present values and discuss them in light of the fact that the undiscounted total income amounts to $34,000 in each case. a. The present value of income stream A, using a discount rate of 3% is $ . (Round to the nearest cent.) Data Table Income Stream End of Year $10,000 $7,000 $9,000 $8,000 $8,000 $9,000 $7,000 $10,000 Total $34,000 $34,000 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.)