Present Value of Cash Flow:

Your company had told you that if you remain employed with them, you'll receive a $50,000 bonus four years from today. Calculate the present value of the bonus in two different ways.

Inputs:

Payment : 50000

Discount rate(per period): 8.0%

Number of periods: 4

Method 1: Present value formula PV =?

Method 2: PV Function =?

Thanks for your help.