You are planning to buy 2 securities the first makes equal payments of $103 per month forever with the first payment received 4 years from today. The second makes equal payments of $912 each month forever with the first payment received 9 years from today. How much would you have to pay for these securies today if you plan to make one payment today and another payment of $143,862 4 years from today? Assume the interest rate is currently 4.49% compounded monthly.
The answer that was given was 66,292.63 but I cannot for the life of me get to that answer! Can someone help me?