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QUESTION 1 8 It is currently April 2 0 2 4 . Suppose I promise to pay you $ 7 5 next year ( April

QUESTION 18
It is currently April 2024. Suppose I promise to pay you $75 next year (April 2025), $80 the year after that (April 2026), $85 the year after that (April 2027), and $90 four years from now (April 2028). If you discount the future at 3% per year, then what is the present value of these future payouts (answer in dollars)?
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