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An investment pays you $30,000 at the end of this year, and $15,000 at the end of each of the four following years. What is

An investment pays you

$30,000

at the end of this year, and

$15,000

at the end of each of the four following years. What is the present value (PV) of this investment, given that the interest rate is

3%

per yea.

$66,

607\ .

$83,259

.

$41,630

.

$99,911
image text in transcribed
An investment pays you $30,000 at the end of this year, and $15,000 at the end of each of the four following years. What is the present value (PV) of this investment, given that the interest rate is 3% per year? A. $66,507 B. $83,259 C. $41,630 D. $99,911

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