1 A payment schedule requires35 paymentsof$25,000, the first paymentto be made15 yearsfrom today. Using a discount rate of7%,what is the present value of this series of payments? (2 marks)2 Assume the payment schedule in problem 1 changes as follows:.the payment 18 years from today is waived, and.a payment of $40,000 is made 25 years from today, instead of $25,000The other payments are unchanged. Using a discount rate of 15%, what is the present value of this series of payments?Accounting Business Financial Accounting FINANCE BAO 2001

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