Consider the following series: an investment of $65,000 made on April 18th, 1995 generates returns of $23,000 on August 1, 1995; $5,010 on September 15, 1996; $17,500 on January 23, 1997; $2,000 on April 1,1998; and $13,400 on September 28, 1999.  Find the present value of this investment at a discount rate of 5%.

($65,000)                                 4/18/1995
$23,000                                  8/1/1995
$5,010                                  9/15/1996
$17,500                                  1/23/1997
$2,000                                  4/1/1998
$13,400                                  9/28/1999

Answer rating: 100% (QA)

Calculation of present value years 0 1 2 3 4 ... View the full answer