Person A , year1 $4000, y2 $3000, y3 $2000, y4 $1000, Person B, y1 $1000, y2 $2000, y3 $3000, y4 $4000, both of total 10000 in 4 year.
Q1 how to find present value of each income stream, discount rate 15%
Q2 campare the calculated PV and discuss them in light of fact that the undiscounted total income amounts to $10000 in each case