Question 8
You have devised a 10 year retirement plan whereby you pay your subscribers 1000$ per annual for the first 5 years, and then 8000$ for the next 5 years. Assuming a discount rate of 6% for the first 5 years and 8% for the next 5 years, what should be the minimum price at which you have to sell the plan so that you don't incur any loss?
**NOTE:**Round to two decimal places wherever necessary