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Find the present value of investment

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Reference no: EM133023176

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

Reference no: EM133023176

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