Determine the present value of $200,000 to be received at the end of each of 4 years, using an interest rate of 7, compounded annualy, as follows: a. By successive computations, using the present value of $1 table in Exhibit 5 . Round to the nearest whole dollar. b. By using the present value of an annulty of $1 tabie in Exhibit 7 . C. Why is the present value of the four $200,000 cash receipts less than the $800,000 to be received in the future? The present value is less due to over the 4 years