SpyAli

Hi. I did this morning session last night (and this problem, etc.).
The way to think about it is in 2 segments.
0 Yrs – 5 Yrs (Payments begin)  15 Yrs (Payments end).
I start with second segment and calculate the value of an annuity into my TI BA II Plus.
N=10 Yrs.
PV=0 (he will have no money left after the $10,000 payments end)
PMT = $10,000
INT = 14%
Solve for PV (how much money he needs at start when these payments begin).
Then I take that # and discount it back 5 years (1.14^5) to get the number for today.
How did you do on this practice exam?