Assume that you currently have $$62868$ in the bank. That you are going to receive $$441$ four times a year until the day of your retirement $(30$ years from now$).$ That you need to pay $$1383$ every year for $45$ more years. What is the present value of all these cash flows if the interest rate is $7\mathrm{.}17\%.$

Explain

By the way answer is$=66,118\mathrm{.}8862$