please post explaination

Your eccentric aunt left you the proceeds from the sale of her art collection worth $230,000. However, the will stipulates that you will receive $60,000 immediately, and the remainder divided equally at the end of each of the next 11 youts. Assuming that you can eam on the money, what is the present value of the payments? What is the present value of the payments? (Round to the nearest cent)