An annuity payment for Rs 10,000 for 4 years grows at 3% p.a. Find the present value, as shown in the book, given a discount rate of 10%. If a house is expected to fetch a net rental of Rs 30,000 next...

An annuity payment for Rs 10,000 for 4 years grows at 3% p.a. Find the present value, as shown in the book, given a discount rate of 10%.

If a house is expected to fetch a net rental of Rs 30,000 next year which is expected to increase by 5% every year. If the discount rate is 10%, find the present value of the rental stream.