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Suppose you receive $2,000 per year for the first four years (year 1 to 4), $3,000 per year for the next five years (year 5
Suppose you receive $2,000 per year for the first four years (year 1 to 4), $3,000 per year for the next five years (year 5 to 9), and $4,000 in the 10th year, with all the money to be received at the end of the year. If the interest rate is 6%, what is the present value of these cash flows? Show your calculations.
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