IMPORTANT: USE THE TABLES BELOW FOR ALL PRESENT VALUE PROBLEMS Present value of $1: Periods 4% 5% 6% 8% 10% 1 .96 .95 .94 .93 .91 2 92 91 .89 86 .83 3 .89 .86 .84 79 .75 4 .85 .82 .79 .74 .68 5 .82 .78 .75 .68 .62 10 .68 .61 .56 .46 .39 Present value of an annuity of $1 per period: Periods 4% 5% 6% 8% 10% 1 .96 95 .94 .93 .91 2 1.88 1.86 1.83 1.79 1.74 3 2.77 2.72 2.67 2.58 2.49 4 3.62 3.54 3.46 3.32 3.17 5 4.44 4.32 4.21 4.00 3.79 10 8.11 7.72 7.36 6.71 6.15 OSCAR, INC. has a choice of $70 today or four (4) payments of $20 to be received exactly one year from today, two years from today, three years from today, and four years from today. Assume that Oscar can always earn 6% per year. Required The present value of the four payments is $ 0 The approximate rate of return earned if the four payment alternative is chosen is between 0 % and 0 % Assuming that the first payment of the four payments) is received today, the second exactly one year from today, the third exactly two years from today, and the fourth exactly three years from today, answer the following questions: The present value of the four payments is $ 0 The approximate rate of return earned if the four payment alternative is chosen is between 0 % and 0 %