Find the present value of each one of the following cash flows. Assume that an 8% interest rate is appropriate for all discounting. Show how you would do this on your financial calculator as well as by hand.
$170,000 at the end of 5 years.
$11,200 at the end of each year forever
$11,200 at the beginning of each year forever
$6,500 at the end of the ear increasing by 4% a year forever