the present value is $169,086.35
Explanation:
The computation of the present value is as follows:
As we know that
Present value = Future value ÷ (1 + rate of interest)^number of years
= $2,500,000 ÷ (1 + 0.08)^35
= $169,086.35
Hence, the present value is $169,086.35
It could be simply calculated by applying the above formula