What is the present value of the following cash flow stream at a rate of 7.00%? 
Definitions:
Promissory Note
A written and signed promise to pay a specified sum of money to a particular person or bearer on a specified date.
Compounded Semi-Annually
The process of calculating interest on both the initial principal and the accumulated interest over half-year periods.
Annual Rate of Appreciation
The rate at which an investment or real estate increases in value over a one-year period, expressed as a percentage.
Quarterly Compounded
Refers to the process of calculating and adding interest to the principal amount of an investment or loan on a quarterly basis.
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