An investment will pay $$17,000$ at the end of each year for eight years and a one$-$

time payment of $$170,000$ at the end of the eighth year. $($FV of $$1,$ PV of $$1,$ FVA of

$$1,$ and PVA of $$1)$

Note: Use the appropriate factor$($s$)$ from the tables provided.

Required:

Determine the present value of this investment using a $6$ percent annual interest

rate.

Note: Round your intermediate calculations and final answer to nearest whole

dollar.

Present value of investment