Question
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 | |||
| $ | 5,000 | 2022 | ||
| 6,000 | 2023 | |||
| 8,000 | 2025 | |||
| 9,000 | 2027 | |||
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Accounting Custom Edition For National American University
Authors: Charles T. Horngren, Walter T. Harrison Jr, M. Suzanne Oliver
9th Edition
1256297585, 978-1256297581
