You will receive annual payments of $20,000 to be paid at the end of each of the next 4 years. The appropriate discount rate is 15%. What is the present value of the payments? Future Value of 1 (15%, 4 periods) - 1.74901 Future Value of an Annuity of 1 (15%, 4 periods) - 4.99338 Present Value of 1 (15%, 4 periods) - 0.57175 Present Value of an Annuity of 1 (15%, 4 periods) = 2.85498 $57,099.60 $80,000.00 $31,470.30 $72,095.60 Activate v Go to Setting