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Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end of each of
Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.) Payment Year Received $ 8,250 2022 8,925 2023 10,600 2025 12,575 2027 Year i = n = Payment Present Value Received 2022 8% $ 8,250 2023 8% 8,925 2025 8% 10,600 2027 8% 12,575 Total $ 0
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