Present Value of an Annuity Determine the present value of $170,000 to be received at the end of each of four years, using an interest rate of 10%, compounded annually, a. By successive computations, using the present value table in Exhibit 8 . Round to the nearest whole dollar. b. By using the present value table in Exhibit 10 . Round to the nearest whole dollar. c. Why is the present value of the four $170,000 cash receipts less than the $680,000 to beceived in the future? The present value is less due to! over the 4 years