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4. A company expects to generate cash revenues of $20,000 over the next five years. Calculate the present value of the earnings using the table

A company expects to generate cash revenues of $20,000 over the next five years. Calculate the present value of the earnings using the table below if there is a 10% interest rate.

Present Value of an Annuity of $1 at Compound Interest

Year10%12%15%

10.9090.8930.870

21.7361.6901.626

32.4872.4022.283

43.1703.0372.855

53.7913.6053.353

64.3554.1113.785

74.8684.5644.160

85.3354.9684.487

95.7595.3284.772

106.1455.6505.019

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