Find present value of cash flows-discounted at four percent


Joseph has just accepted a job as a stockbroker. He estimates his gross pay eah year for the next 3 years is $35.00 in 1 year, $21,000 in year 2, and $32,000 in year 3. What is the present value of these cash flows if they are discounted at 4%?

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Finance Basics: Find present value of cash flows-discounted at four percent
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