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 Can you show work

Present Value of an Annuity of $1 at Compound Interest

Year 10% 12% 15%

1 0.909 0.893 0.870

2 1.736 1.690 1.626

3 2.487 2.402 2.283

4 3.170 3.037 2.855

5 3.791 3.605 3.353

6 4.355 4.111 3.785

7 4.868 4.564 4.160

8 5.335 4.968 4.487

9 5.759 5.328 4.772

10 6.145 5.650 5.019