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Present value of an annuity Determine the present value of $ 2 1 0 , 0 0 0 to be recelved at the end of

Present value of an annuity
Determine the present value of $210,000 to be recelved at the end of each of 4 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.
Exhibit 5 Present Value of $1 at Compound Interest
Exhibit 7 Present Value of an Annuity of $1 at Compound Interest
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