Calculate the present value of the given stream of cash flows using the given discount rate. The present value you find is between $24,000 and $24,100.
time 
cash flows 
discount rate 
0 
5% 

1 
$1,000 

2 
$1,500 

3 
$2,000 

4 
$2,500 

5 
$3,000 

6 
$3,500 

7 
$4,000 

8 
$4,500 

9 
$5,000 

10 
$5,500 
Net present value can be solved using a financial calculator. The steps to solve on the financial calculator:
Net present value at 5% discount rate is $23,547.76.
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