Joseph Has Just Accepted a Job as a Stockbroker

Multiple Choice

Joseph has just accepted a job as a stockbroker.He estimates his gross pay each year for the next three years is $35,000 in year 1, $21,000 in year 2, and $32,000 in year 3.What is tThe present value of these cash flows, if they are discounted at 4%, is closest to?

A) $79,452.30
B) $80,294.50
C) $81,517.10
D) $88,000