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in 8 years you will begin receiving $167 per year in perpetuity from a family trust...

in 8 years you will begin receiving $167 per year in perpetuity from a family trust (first payment is exactly 8 years from today). you have decided to discount these cash flows at a constant interest rate of 6.3%. what is the present value today of these future cash flows?
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D I Year Year-1 Year-2 Year-3 Year-4 Year-5 Year-6 (1+0.063)^n Cash flows (1+r)^n Present Value 167 1.063 1 57.10 1671 1.129

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