What is the present value of the set of cash flows


Problem

What is the present value of the following set of cash flows if the discount rate is 8%? (the cash flows occur at the end of each period) (round answer to nearest penny and enter in the following format 12345.67)

Year 0 cash flow = -1500 (a negative cash flow)
Year 1 cash flow = 500
Year 2 cash flow = 1000
Year 3 cash flow = 2000
Year 4 cash flow = 4000

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Financial Accounting: What is the present value of the set of cash flows
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