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An investment offers the following cash flows: $114 one year from now, $680 two years from now, $201 in 3 years, $748 in 4 years,
An investment offers the following cash flows: $114 one year from now, $680 two years from now, $201 in 3 years, $748 in 4 years, and $349 in 5 years. If the relevant interest rate is 6% per year (an APR, with interest compounded annually), how much is the investment worth in today's terms?
Do not round any intermediate work. Round your final answer to 2 decimal places (ex: if your answer is 12.345678 then you should enter 12.35). Margin of error for correct answers: +/- .05.
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