Present value of an arinulty Determine the present value of $290,000 to be recelved at the end of each of 4 years, using an interest rate of 5%5, compounded annually, as follows a. By successive computations, using the present value of $1 table in Exhiblt 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 dolfar. c. Why is the present value of the four $290,000 cash receipts less than the $1,160,000 to be received in the future