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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