The present value of cash inflows is as follows: Annual cash inflow= $500 Duration= 5 years Present value of cash inflow=Annual cash inflow(ADFdiscount rate,time) =500(ADF30,5) =500(2. 4366) =$1,218....

can you explain how (adf discount rate, time)

=500(adf 30,5)

=500(2.4366) how did we get 2.4366

Extracted text: The present value of cash inflows is as follows: Annual cash inflow= $500 Duration= 5 years Present value of cash inflow=Annual cash inflow(ADFdiscount rate,time) =500(ADF30,5) =500(2. 4366) =$1,218. 3