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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 the

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
$ 6,250 2022
7,125 2023
9,000 2025
10,375 2027

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Year Received Payment Present Value 2022 8% $ 2023 8% 6,250 7,125 9,000 10,375 2025 8% 2027 8% Total Year Received Payment Present Value 2022 8% $ 2023 8% 6,250 7,125 9,000 10,375 2025 8% 2027 8% Total

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