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You anticipate a nice income stream after you finish your PhD education, with the following seven years of cash flows (before you move on to
You anticipate a nice income stream after you finish your PhD education, with the following seven years of cash flows (before you move on to another career): $250,00 annually, with the first cash flow occurring 5 years from now and the seventh (and final) cash flow occurring 11 years from now. Using a 3.00% discount rate to value the cash flows, calculate what this series of salaries is worth in today's-dollar terms. Note: These cash flows just so happen to be a delayed annuity.
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