Accounting questions:?

[trucker]

1. Hopkins has received an offer from his former employer which will pay him $40,000/year beginning at the end of the 7th year and ending at the end of the 10th year. During the first six years, he will not receive anything. He has asked you to determine the value today, assuming a 6% discount rate.

2. Marino received $20,000 from her dentist in settlement of a malpractice claim. She is investing the money immediately and wishes to know how much money she will have 10 years from today, assuming she can earn 5% compounded annually.

[max]

1. Hopkins has received an offer from his former employer which will pay him $40,000/year beginning at the end of the 7th year and ending at the end of the 10th year. During the first six years, he will not receive anything. He has asked you to determine the value today, assuming a 6% discount rate.
$97,710.51


2. Marino received $20,000 from her dentist in settlement of a malpractice claim. She is investing the money immediately and wishes to know how much money she will have 10 years from today, assuming she can earn 5% compounded annually.
$32,577.89