Hello,

Is this this true even though the Future values change each year?

Present Value = $103,000/ ( 1+25% )¹ + $103,000/ (1 +25% )² + $103,000/ (1+25%)³ + $103,000/ (1+25%)⁴ +$103,000 / (1 +25%)⁵+

$103,000/ (1+25%)⁶ = $82,400 + $ 65,920 + $ 52,736 + $42,188.8 + $33,751.04 + $27,000.832 = $303,996.672

Present Value- current value of a future sum of money or stream of cash flows given a specified rate of return.