For credit, you must show your work in 1. 2, and 4 below. Round your final result to the nearest dollar. Warning: rounding intermediate steps may introduce errors in final result and if so, you will not get full credit.
1. Using an interest rate of 3 percent, compute the present value in total of a flow received: of $5800 one year from now, $7500 two years from now and $8300 three years from now.