Present Value of an Annuity Determine the present value of $210,000 to be received at the end of each of four years, using an interest rate of 5%, 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 $210,000 cash receipts less than the $840,000 to be received in the future? The present value is less due to over the 4 years