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8% of 250000 = 250000*8/100 = 20000
2500 of them.
320,378
Year Amount Disc Rate Present Value 1 20000 1.0700 18692 2 20000 1.1449 17469 3 20000 1.2250 16326 4 20000 1.3108 15258 5 20000 1.4026 14260 6 20000 1.5007 13327 7 20000 1.6058 12455 8 20000 1.7182 11640 9 20000 1.8385 10879 10 20000 1.9672 10167 Total PV 140472
ANSWER: 380019% of 20000= 19% * 20000= 0.19 * 20000= 3800