Question 14

"Assume that the interest rate is 3.0% per year and you expect to receive the following stream of annual cash flows (The year 0 cash flow occurs today and the year 4 cash flow occurs exactly 4 years from today): (Year 0: $16,650); (Year 1: $2,200); (Year 2: $36,300); (Year 3: $4,600); (Year 4: $28,200); What is the current Present Value (PV0) of the stream of cash flows?"

		"$87,950 "
		"$79,871 "
		"$78,725 "
		"$83,912 "
		"$82,545 "
		"$82,267 "