Determine the present value of $220,000 to be received at the end of each of four years, using an interest rate of 5%, compounded annually, as follows: a. By successive computations, using the present value table in Exhibit 8 . Round to the nearest whole dollar. b. By using the present value table in Exhibit 10. Round to the nearest whole dollar. $ c. Why is the present value of the four $220,000 cash receipts less than the $880,000 to be received in the future? The present value is less due to over the 4 years