28

Question 28 (2.5 points) In an account with an interest rate of 5.1% p.a., but with daily compounding (assume 365 days per year), what is the present value of the following cash flow stream? Year Cash Flow O $2,100 1 $2,100 2 $2,100 3 $2,100 $2,100 5 $2,100 $2,100 7 $2,100 8 $2,100 9 $2,100 Enter your answer as a dollar amount rounded to 2 decimal places, but do not include the dollar sign or any commas in your answer. For example, record $13,294.287342 as 13294.29. Your