What is the present value of $40,000, received eight years from now, using an APR of 9% compounded monthly? 19,522.47 (with margin: 1.53) Question 4 What uniform series of cash flows is equivalent to a $20,000 cash flow occurring today if the uniform series of cash flows occur at the end of each year for the next four years and the APR is 9% compounded annually? 6,173.37 (with margin: 0.63)