Determine the present value of $350,000 to be received at the end of each of four years, using an interest rate of 6%, compounded annually, as follows: a. By successive computations, using the present value table in Exhibit 4. Round to the nearest whole dollar. b. By using the present value table in Exhibit 5. Round to the nearest whole dollar. Review the time value of money concept. Recall that the time value of money concept recognizes that cash received today is worth more than the same amount of cash to be received in the future