You are given an investment to analyze. The cash flows from this investment are

End of year 1. $17,150 2. $1,570 3. $25,610 4. $18,450 5. $5,810

What is the present value of this investment if 5 percent per year is the appropriate discount rate?

u have just purchased an investment that generates the following cash flows for the next four years. You are able to reinvest these cash flows at 3.4 percent, compounded annually.

End of year 1. $3,612 2. $1,240 3. $4,618 4. $2,822

What is the present value of this investment if 3.4 percent per year is the appropriate discount rate?

Round the answer to two decimal places.