An investment will pay $$20,300$ at the end of the first year, $$30,300$ at the end of the second year, and $$50,300$ at the end of the third year. $($FV of $$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 $10$ percent annual interest rate.

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

Present value of investment