Reference Present Value of $1 Periods | 1% | 2% | 3% | 4% | 5% | 6% | 8% | 10% | 12% | 14% | 16% | 18% | 20% 10.9900.9800.9710.962 0.9520.943 0.926 0.909 0.893 0.877 0.862 0.8470.833 2 0.9800.9610.943 0.9250.9070.8900.857 0.8260.7970.7690.7430.718 0.694 3 0.9710.9420.915 0.889 0.8640.840 0.7940.751 0.712 0.675 0.641 0.609 0.579 4 0.9610.924 0.888 0.8550.823 0.7920.735 0.683 0.636 0.5920.552 0.516 0.482 50.9510.9060.8630.822 0.7840.747 0.6810.621 0.567 0.519 0.4760.4370.402 6 0.942 0.888 0.837 0.7900.7460.7050.630 0.5640.507 0.4560.410 0.370 0.335 70.9330.871 0.813 0.7600.711 0.6650.583 0.513 0.4520.4000.3540.3140.279 8 0.923 0.853 0.7890.7310.677 0.627 0.540 0.467 0.404 0.351 0.305 0.266 0.233 9 0.914 0.837 0.7660.703 0.645 0.5920.500 0.4240.361 0.308 0.263 0.225 0.194 10 0.9050.820 0.7440.676 0.6140.5580.463 0.3860.3220.270 0.227 0.191 0.162 11 0.8960.8040.722 0.6500.5850.527 0.429 0.3500.2870.237 0.195 0.162 0.135 12 0.8870.7880.7010.6250.5570.497 0.3970.3190.2570.2080.1680.1370.112 13 0.879 0.773 0.681 0.601 0.530 0.469 0.368 0.290 0.2290.182 0.145 0.1160.093 14 0.870 0.7580.6610.577 0.505 0.442 0.340 0.2630.205 0.160 0.125 0.0990.078 15 0.8610.7430.642 0.5550.481 0.417 0.315 0.2390.183 0.140 0.108 0.0840.065 20 0.820 0.673 0.5540.456 0.377 0.312 0.215 0.149 0.104 0.073 0.051 0.037 0.026 25 0.780 0.610 0.4780.375 0.2950.233 0.146 0.092 0.0590.038 0.0240.016 0.010 30 0.7420.552 0.412 0.3080.231 0.1740.0990.057 0.033 0.0200.012 | 0.0070.004 400.672 0.453 0.307 0.208 0.142 0.097 0.046 0.022 0.011 0.005 0.003 0.001 0.001 Print Done 1 Reference Present Value of Annuity of $1 Periods | 1% | 2% | 3% | 4% | 5% | 6% | 8% | 10% | 12% | 14% | 16% | 18% | 20% 10.990 0.9800.971 0.962 0.9520.9430.9260.9090.8930.877 0.862 0.847 0.833 21.9701.9421.913 1.886 1.8591.833 1.7831.7361.6901.6471.605 1.566 1.528 32.9412.8842.8292.7752.7232.6732.577 2.487 2.402 2.322 2.246 2.1742.106 4 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 2.914 2.7982.6902.589 54.8534.7134.5804.452 4.329 4.212 | 3.9933.7913.605 3.433 3.274|3.127 2.991 6 5.7955.601 5.4175.2425.076 4.917 4.623 4.355 4.113.8893.6853.4983.326 76.7286.472 6.230 6.002 5.7865.582 5.206 4.8684.5644.288 4.0393.812 3.605 8 7.6527.325 7.020 6.733 6.463 6.210 5.7475.3354.9684.6394.3444.0783.837 9 8.5668.162 7.7867.4357.1086.8026.2475.7595.3284.9464.607 4.303 4.031 10 9.4718.9838.5308.1117.722 7.360 6.710 6.145 5.6505.216 4.833 4.4944.192 11 10.3689.787 9.253 |8.7608.306 7.887 7.139 6.4955.9385.453 5.029 4.656 4.327 12 11.255 10.575 9.9549.3858.863 8.384 7.536 6.8146.1945.660 5.197 4.7934.439 13 12.134 11.348 10.6359.9869.3948.8537.9047.103 6.4245.842 5.3424.9104.533 14 13.004 12.106 11.296 10.563 9.8999.2958.2447.3676.628 6.002 5.4685.0084.611 15 13.865 12.849 11.938 11.118 10.3809.712 8.559 7.606 6.8116.142 5.575 5.092 4.675 20 18.046 16.351 14.877 13.590 12.462 11.470 9.818 8.5147.469 6.623 5.9295.3534.870 25 22.023 19.523 17.41315.622 14.09412.783 10.675 9.077 7.843 6.873 6.0975.4674.948 30 25.808 22.39619.600 17.29215.372 13.765 11.2589.427 8.055 7.003 6.1775.5174.979 4032.835 27.35523.115 19.79317.159 15.046 11.9259.779 8.2447.1056.2335.548 4.997 Print Done Use the Present Value of $1 table to determine the present value of $1 receiveda. What is the total present value of the cash flows received over the five-year one year from now. Assume a 14% interest rate. Use the same table to find the present value of $1 received two years from now. Continue this process for a total of five years. period? Could you characterize this stream of cash flows as an annuity? Why or why not? Use the Present Value of Annuity of $1 table to determine the present value of the same stream of cash flows. Compare your results to your answer to Part A Explain your findings. b. Click the icon to view the present value factor table.) (Click the icon to view the present value annuity factor table.) c. d. a. What is the total present value of the cash flows received over the five-year period? (Round all amounts to three decimal places.) Year Present value 4 Total present value