Washington Memorial Hospital has just been informed that a private donor is willing to contribute $15 million per year at the beginning of each year for fifteen years. What is the current dollar value...

Washington Memorial Hospital has just been informed that a private donor is willing to contribute $15 million per year at the beginning of each year for fifteen years. What is the current dollar value of this contribution if the discount rate is 6 percent?

Carson City Hospital has just been informed that a private donor is willing to contribute $20 million per year at the beginning of each year for fifteen years. What is the current dollar value of this contribution if the discount rate is 7 percent?