Find the present value of the following cash flows: 4,000 in 3 years and 9,000...
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Find the present value of the following cash flows: 4,000 in 3 years and 9,000 in 5 years. The interest rate is 7.8% p.a. compounded quarterly for the first 2 years and 4.7% p.a. compounded half-yearly thereafter. (Correct your answer to the nearest cent without any unit (No need to put "$"). Do not use "," in your answer. e.g. 123456.78))
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