Joseph has just accepted a job as a stockbroker.He estimates his gross pay each year for the next three years is $35,000 in year 1,$21,000 in year 2,and $32,000 in year 3.What is the present value of these cash flows if they are discounted at 4%?
A)$79,452.30
B)$80,294.50
C)$81,517.10
D)$88,000

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The Answer of Joseph has just accepted a job as a stockbroker.He estimates his gross pay each year for the next three years is $35,000 in year 1,$21,000 in year 2,and $32,000 in year 3.What is the present value of these cash flows if they are discounted at 4%?
A)$79,452.30
B)$80,294.50
C)$81,517.10
D)$88,000

Joseph Has Just Accepted a Job as a Stockbroker