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Calculate the present value of the given stream of cash flows using the given discount rate. The present value you find is between $24,000 and
Calculate the present value of the given stream of cash flows using the given discount rate. The present value you find is between $24,000 and $24,100.
| time | cash flows | discount rate |
| 0 | 5% | |
| 1 | $1,000 | |
| 2 | $1,500 | |
| 3 | $2,000 | |
| 4 | $2,500 | |
| 5 | $3,000 | |
| 6 | $3,500 | |
| 7 | $4,000 | |
| 8 | $4,500 | |
| 9 | $5,000 | |
| 10 | $5,500 |
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