Determine the present worth of the following cash flows based on an interest rate of 7.46% per year, compounded annually. Round off to two decimal places. End of Year 0 = Php 5944 End of Year 1 = Php 5552 End of Year 2 = Php 5460 End of Year 3 = Php 5731 End of Year 4 = Php 5119 End of Year 5 = Php 5665

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Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.