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Your uncle offers you a stream of payments whose present value, today, is $62,000. There are 15 equal annual payments in the stream. The first

Your uncle offers you a stream of payments whose present value, today, is $62,000. There are 15 equal annual payments in the stream. The first payment in the stream occurs seven years from today. If the interest rate is 14%, then what is the value of each payment? A) $22,156.40 B) $19,435.43 C) $25,258.29 D) $28,794.45 E) $10,094.16

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