What single immediate sum will pay all of these rents, discounted at

Mr. Grady agrees to lease a certain property for 10 years, at the following annual rental, payable in advance:

Years 1 and 2—$1,000 per year

Years 3 to 6—$2,000 per year

Years 7 to 10—$2,500 per year

What single immediate sum will pay all of these rents, discounted at

a. 6% per year?

b. 8% per year?

c. 10% per year?

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