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There is also a Present Value of Simple Sum Table but I believe this can be done without those tables. Year 1 Year 2 Year

There is also a Present Value of Simple Sum Table but I believe this can be done without those tables.

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Year 1 Year 2 Year 3 $4,000 $6,000 $7,000 Calculate the present value of the year 3 cash flow given a 3% discount rate. Select one: a. $15,617 O b. $9,394 O c. $6,406 O d. $19,800 Present value of an annuity Interest rate Periods 1% 2% 2.5% 3% 4% 1 0.9901 0.9804 0.9756 0.9709 0.9615 2 1.9704 1.9416 1.9274 1.9135 1.8861 3 2.9410 2.8839 2.8560 2.8286 2.7751 4. 3.9020 3.8077 3.7620 3.7171 3.6299 Jumanji Gardeners owns some equipment that is used in their operations. Management estimates that the equipment will last another three years and will generate the following future cash flows at the end of each year. Year 1 Year 2 Year 3 $4,000 $6,000 $7,000

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