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15. 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 periodi
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Answer #1
Statement showing Cash flows
Particulars Time PVF 8% Amount PV
Cash flows                          1.00                   0.9259                   800.00                740.74
Cash flows                        2.00                   0.8573                   800.00                685.87
Cash flows                        3.00                   0.7938                   800.00                635.07
Cash flows                        4.00                   0.7350                   800.00                588.02
Cash flows                        5.00                   0.6806                   800.00                544.47
Present value of Cash flows             3,194.17
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