Corporate finance question

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Corporate Finance Question:

An investment pays you $30,000 at the end of this year, and $10,000 at the end of each of the four following years. What is the present value (PV) of this investment, given that the interest rate is 5% per year?

The answer is $79,228. How do you go about calculating that - both on paper and on a BA II Plus financial calculator?

Reference no: EM132141210

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