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value: 7.14 points Determine the combined present value as of December 31, 2016, of the following four payments to be received at the end of

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value: 7.14 points Determine the combined present value as of December 31, 2016, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%. (E of 1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Payment Year Received $9,000 9,600 11,200 13,400 2017 2018 2020 2022 ear Received 2017 2018 2020 2022 nPayment Present Value 8% 8% 8% $ 9,000 9,600 11,200 13,400 Total

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