Question: What is the present value of five $800 cash flows that occur at the end of each year for the next five years at a

What is the present value of five $800 cash flows that occur at the end of each year for the next five years at a periodic interest rate of 8% compounded annually? The first cash flow occurs a year from now, the second cash flow occurs two years from now, . . . , and the fifth cash flow occurs five years from now.

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