Time Value of Money

Suppose your mom decides to gift you $\mathrm{₹}10,000$ every year starting from today for the next sixteen years. You deposit this amount in a bank as and when you receive and get $8.5\%$ per annum interest rate compounded annually. What is the present value of this money :
Given that $\mathit{P}\left(15,0.085\right)=8.304236$