Your aunt offers you a choice of $21,100 in 30 years or $430 today. At a discount rate of 14 percent, how much is your aunt's offer of $21,100 worth today?

You have just been notified that you will receive $7,250 a year for the next 17 years from an inherited trust. If the interest rate is 9 percent, how much should you be willing to accept today in exchange for the annual payments?