Ambrin corp. expects to receive $2,000 at the end of each year for 10 years. then the corporation expects to receive $3,500 per year for the following 10 years, at the end of each year. what is the approximate present value of this 20-year cash flow? use an 8% discount rate.
(a) $2.547
(b) $24,294
(c) $27,870
(d) $32,389

B) $24294

Explanation:

PVIFA = (1 - (1 + r)^-n)/r

          = (1 - (1 + 8%)^-10)/8%

          = 6.710

PVIF = 0.4632

present value = (amount expected to receive for the first 10 years)×(PVIFA) + (amount expected to receive for the second 10 years)×(PVIFA)×(PVIF)

                        = (2000)×(6.710) + (3500)×(6.710)×(0.463)

                        = $24293.6

                        ≈ $ 24294

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation: