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i need help!!! thank you! Determine the present value of $110,000 to be received at the end of each of four years, using an interest
i need help!!!
thank you!
Determine the present value of $110,000 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 of $1 table in Exhibit 5 . Round to the nearest whole dollar. b. By using the present value of an annuity of $1 table in Exhibit 7. Round to the nearest whole dollar. $ c. Why is the present value of the four $110,000 cash receipts less than the $440,000 to be received in the future? The present value is less due to over the 4 years. Determine the present value of $110,000 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 of $1 table in Exhibit 5 . Round to the nearest whole dollar. b. By using the present value of an annuity of $1 table in Exhibit 7. Round to the nearest whole dollar. $ c. Why is the present value of the four $110,000 cash receipts less than the $440,000 to be received in the future? The present value is less due to over the 4 yearsStep by Step Solution
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