28) You have come up with a forecast of your future earnings.
You believe you will earn:
$20,000 next year (one-year from now);
$40,000 two years from now;
$60,000 three years from now; and,
$100,000 four years from now and every year there-after for
another 29 years (30 such years in total)
Assume your earnings in all of these years are received as one
lump-sum payment at the end of every year. Assume your personal
discount rate is 8%.
What...