PLEASE ANSWER BOTH, especially #17

16. What is the present value of a series of $5,000 annual payments that will start six years from now and last until fifteen years from now ( 10 payments), if the interest rate is 6.3% ? 17. Farmer Jones owns 300 acres of farmland in Swedesboro, New Jersey. Nearby farmland of about the same acreage produces an average annual gross rental of $50,000. Average annual state and local real estate taxes are $8,000. Assume the interest rate for loans from the Federal Land Bank is 7.5 percent. The average annual computations are made on the basis of the 5 most recent calendar years before the farmer's death. What is the fair value of the farmland