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What is the present value of a series of four payments, each $1,000, to be made at the end of the years 1, 2, 3,

What is the present value of a series of four payments, each $1,000, to be made at the end of the years 1, 2, 3, and 4? Assume that the interest rate is 14%

SEE ATTACHED TABLE

Suggestion: Do this problem two ways, as shown in rows 9 and 10 below 2 Interest rate 14%) Year PaymentPV 1,000 877.19B4/1+SBS1MA4 1,000 1,000 1,000 Total of CA:C7 10 Using NPV function The total PVs for all years is

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