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You will recieve a 20-year annuity of $2,750 every month for the next 20 years (the first payment is one month from today, two hundred
You will recieve a 20-year annuity of $2,750 every month for the next 20 years (the first payment is one month from today, two hundred and fourty payments in total) as well as a $125,000 lump sum to be received 20 years from today. What is the present value of these cash flows you will receive in the future if the appropriate discount rate is 7.25% APR?
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