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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

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. a. $13,766.39 b. $12,566.39 c. $12,866.39 d. $13,466.39

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