scenario 1: 50,000
scenario 2: 20,000 + 20,000 at end of year 2 + 20,000 at end of year 4
solutions:
Discount the two future payments to present values and add the deposit to arrive at a total present value of the second option.
PV = FV / (1+i)^n
PV = $20,000 / (1.08)^2
PV =...