o find the present value of a cash flow expected to be paid or received in the future, you willmultiply the future value cash flow by $(1+$ I$)$N

$.$

What is the value today of a $$12,000$ cash flow expected to be received $17$ years from now based on an annual interest rate of $7\%?$

$$3,799$

$$3,039$

$$4,749$

$$37,906$