solved:You have come up with a forecast of your future earnings.B

  

You have come up with a forecast of your future earnings.Based on completing your degree you will earn:$20,000 next year (one-year from now);$30,000 two years from now;$40,000 three years from now; and,$150,000 four years from now and every year there-after for another 34 years (35 such payments 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 6%.What is the present value of your estimated future income (you can round all calculations and your final answer to whole dollars)?Business BUS F301