Present Value of an Annuity Detemine the present value of $320,000 to be necered at the end of each of four yeark, unng an interest rate of stb, compounged annualy, as folipas. a. By successive cotputations, using the present walue of 51 table in tah oit 5 . Round to the neareit whole delac: 6. Why is the present value of the four 1320,000 cath recepts aess than the 14,2s0.000 to pe reterved in the helare? The oresent value is less dou to orer the a years