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Present Value of an Annuity Determine the present value of $ 3 1 0 , 0 0 0 to be received at the end of

Present Value of an Annuity
Determine the present value of $310,000 to be received at the end of each of four years, using an interest rate of 5%, compour
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.
$

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