### Several Problems: Valuing Delayed Annuities; Amortizing Loan; Annuity Value; Interest Rate Risk

34. Valuing Delayed Annuities. Suppose that you will receive annual payments of $10,000 for a period of 10 years. The first payment will be made 4 years from now. If the interest rate is 5 percent, what is the present value of this stream of payments? 36. Amortizing Loan. You take out a 30-year $100,000 mortgage loan with