What is the present value of the cash flows associated

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Problem 1: Kuley bought a new loom today from GlivCo. She will receive a cash rebate of $820 from GlivCo in 1 year, pay $1,470 to GlivCo in 2 years, receive a cash rebate of $940 from GlivCo in 4 years, and pay $3,580 to GlivCo in 7 years. If the discount rate is 7.12 percent, then what is the present value of the cash flows associated with this transaction? Note: the correct answer is less than zero. Round your answer to the nearest cent (for example, -123.45 or -98.76).

Reference no: EM132928761

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