Determine the present value of $200,000 to be received at the end of each of four years,
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Question:
Determine the present value of $200,000 to be received at the end of each of four years, using an interest rate of 7%, compounded annually, as follows:
a. By successive computations, using the present value table inExhibit 8. Round to the nearest whole dollar.
| First year | $ |
| Second Year | $ |
| Third Year | $ |
| Fourth Year | $ |
| Total present value | $ |
b. By using the present value table inExhibit 10. Round to the nearest whole dollar. $
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