The document shows a calculation of the future value of an investment of $25,000,000 at an annual interest rate of 21% over 20 years. The future value is calculated to be $388,758,000. A second calculation shows the present value of an annuity payment of $38,826.96 per year for 20 years at 21% interest is $25,000,000. A third calculation shows the present value of an annuity payment of $1,097,393 per year for an unknown number of periods at 35% interest is also $25,000,000.
