# Financial Management

posted by
**V**
.

Consider the following cash flows (CF's)

(i) A single CF at t=5 of $15,000

(ii) A single CF at t=11 of of $10,000 and (111) A single cash flow CF at t=18 of $15,000 Calculate the present value of these CF's at time t=0 interest is 4 percent compounded each period.