Question: 5. What is the present value (at t=0) for a stream of 28 quarterly cash flows of $800 each, starting exactly 2 years from now?

5. What is the present value (at t=0) for a stream of 28 quarterly cash flows of $800 each, starting exactly 2 years from now? The APR is 12%.

please explain how to get this using present value of annuity formula. I keep getting 7154 and its saying that I'm wrong.

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