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If interest is 5% compounded annually, calculate the present value of five year cash flows of $1,000 in year 1; $2,000 in year 2; $3,000

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If interest is 5% compounded annually, calculate the present value of five year cash flows of $1,000 in year 1; $2,000 in year 2; $3,000 in year 3; $4,000 in year 4 and $5,000 in year 5. Multiple Choice $12.866.39 $13,466.39 $13,766.39 O $12,566.39 $13,166.39

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