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Present Value of an Annuity. b. Ev usind the aresent value of an annuity of 51 tible in tahibin 7 . found to the nearest

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Present Value of an Annuity. b. Ev usind the aresent value of an annuity of 51 tible in tahibin 7 . found to the nearest whole doltar x C. Why is the present value of the four $110,000 cash receipts leis than the 5440,000 to be received in the future? The presert value s less dut to the compotinding of interest over the 4 vears. fredtars vied M, wat received in the future

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