Present and future values of 1 at 11% are presented below. PV of $1 FV of $1 PVA of $1 FVA of $1 1 0.90090 1.11000 0.90090 1.0000 2 0.81162 1.23210 1.71252 2.1100 3 0.73119 1.36763 2.44371 3.3421 45 0.65873 1.51807 3.10245 4.7097 0.59345 1.68506 3.69590 6.2278 6 0.53464 1.87041 4.23054 7.9129 Polo Publishers purchased a multi-color offset press with terms of $90,000 to be paid at the date of purchase, and a noninterest-bearing note requiring payment of $70,000 at the end of each year for four years. The Interest rate implicit In the purchase contract is 11%. Polo would record the asset at Multiple Choice $160,000. $279,220. $307,172. $217,172