Determine the combined present value as of December 31, 2020 one of the following for payments to be received at the end of each of the designated years assuming annual interest rate of 8%

Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8% (FV 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. Round your final answers to nearest whole dollar amount.) Payment Year Received $ 8,25e 8,925 10,600 12,575 2022 2023 2025 2027 n Payment Present Value $ Year Received 2022 2023 2025 2027 Total 8% B% 896 8.250 8,925 10,600 12,575 8% $ 0 TABLET Future Value of $1 FV-311+ 6.0% 7.09 BOS 9.09 10.096 11.09 1111000 106000 1.07000 10000 110000 155 209 2.54 30% 4.096 4.59 5.096 5.5% 1101000101500 102000 10200 102000 103500 104000 104500 105000 1.05500 7102010 103032 1040409 1.05063 06090 107123 108160 109703 110250 111503 303030104568 106121 107689 109273 110872 12486 114117 L15769 117424 + 104000 106136 104 110381 112551 114752 11696 119252 1.21551 123002 510510107728 110405 113141 115927 118709 121665 134618 1.27028130090 1.12100 1 19102 12628 1.33023 20.09 120000 1.44000 1.700 1.14490 122504 1 31080 140255 109000 118810 1.29503 141158 151862 1 16610 125971 136019 146939 1 21000 1321100 146410 1.61051 1209 1 12000 125440 140491 157353 1.76234 123210 136765 1.51807 1.68500 207100 1.9732 35 106152109344 112616 115909 1908 1.22926 126532 1.30226 1.3401037884 7 1072141.10954 114569 16809 122957127226 031593 136086 140710 145468 1026 112649 117166 121840 120677 131681 116657142310 147746 153409 109369114339 119509 124886 130477 136290 142331 148610 1.55133 1.61909 10 1101116054 121199 1.28008 134392 1.41050 148024 15597 1.62889 170614 141852 1.50363 159325 1.68948 1.79085 1.5007158687 167710 1.77156 1.60578 17162 162804 194072 1711198509399256 2.14399 133846 199900 217189 235795 196715 215892 216736 2.59374 1.67041 2.07616 2.10454 255801 2890 2.21001 247596 2.77308 49 51597 ! T 3.1058S 619174 LATES 3. 11 11158 1177912037 131209130423 149997 1.51945 1685 71054 1 80209 11 13653 11956 1.2624 134489 142576 151107 160103 1050 1.7050 1.90121 13 1309 121355 12936137131 14685315696 106507 177220 165 300577 14 114947123110 311 41297 151259 161 17316815194 1979932.11000 15 1.10097 125023 134571448101.55797 167535 1 80094 193528 307193 228341 SME 258043 201306 30650 IN930 21045 201220 225219 211295 2409 936090957853 29456 275903 L.SO SO 2.33164 251817 27192 293719 312212 25112 3.13 345327 129750 417725 LES 3151 149345 2012 41104 476459 GO 741008 91010 100913 12 2011 15 40700 3.14171 4711 547357 14341 613019 1840 1981 16 11728130099 137279 148451 160171 172 187291 209237318237 2.35536 17 115450 120 140024 152162 16528517968 194790 2.11358 2 9202 245480 19615130734 14225155966 1.70343 1.85749 2035K2230848240062 262147 19301117093145681 159865 175351192230 210685290736 252695 2.76565 26 12019194656 148595163821.0611 198979219112 241171 265330 291776 1 VELOCE 11 SHOT 254035 2.95210 2.0927731582 285434 37993 302560 3 61653 320714 3696 66 3.42594 397051 4.599 3.70002 43376 505447 471712 555992 31570514166 6.11591 466096 560641 6.72250 20966 5.3108 5.89509 656355 7.3634 1106231 SSES 686004 76997 361276 2662333 0081618 60196 DE 1700 21123239 136706151567167958 185029 2.05943227877 2.52024 278596 307825 3.39956 414056 S03383 6,10881 740025 199917 10.80385 4600512 25 126 145095164001185194 20937236994 266584 100543 3386353.81339 429187 5:42743 684343 862308 10 83471 13.5546 17,00006 95 196 30 75 15630 LALI36209757 242726 2.0079320340 3.74532432194 498395 5174149 761226 10.06366 13.26768174490 2290 291992 337331 0015611403 2.2004 2 050633604959264010251636 701999 $513311026572 10974621724523140942452935 65.0008790509 1409.77160 t SNC TABLE 2 Present Value of $t 51 PV = (1+0" 109 1.5% 2.09 2.59 3.0 25 40 4.595 5.09 36 6.09 7.046 1.096 9.09 10.04 11.01 12.04 2004 10990100985230909 097561 097067 0.96615 096154 095094 095338 094787 0.94340 095458 092593 091743 0.00 0.00 09368053333 20.030 097006096117 095181 094200 0.93351 093456 0.91573 090705 0.19845089000 0.87344 085734 014168 036 031163 079719 0604 3097059095632 0943 0.92560 091514 090194 088900087630 0.86384 0.35161 0.83962 011630 0.70383 0.77211 075131 0731190 TH 0.57810 0.0096 094218 092335090595 088849087144 015480 085356 012270080722 0.79209 0762.90 0.73503 0.70543068301 0.65873 063552 0422 30.95147 097826 09057) 0.88385 086361084197 02193 08025 0.78353 076513 0726 07139 06805806020059545 0.5678 640 6 0.04305 0.91454 0.35797 0.862.30 0.03748 0.81350 0.799.31 0.76790 0.74622 0.72525 0.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50663 0.33490 091272 0.90103 0.57056 0.34127 0.81309 078599 0.75992 0.73483 071068 060744 0.66506 062275 0.58349 054703 0.51316 045166 0.4235 0.27900 8092345 085771 0.85349 0.82075 078941 075941 073069 070319 067686 065160 062741 058201 0.54027 0.50187 0.46651 0.43393 040135 071957 091444 037459 0.03676 0.80073 076642 073373 0.70259 0.67290 064461 061769 0 59190054193 050025 0.4600043410039092 0.36001 019301 10 090529 015167 082035 0.78130 0.74409 0.70892 0.67556 0.64393 0.0139105830 055839 0S0S 046319 0.43341030554 0.33218 032197 0.16151 10.9633 0.54193 0.0036 076214 0.73242 0.65405 0.64938 0.61620 0.58468 0.55401 0.52679 047509 0.42388 0.38753 0.36049 0.31725 0.348 0.13450 13 084 083639 073349 0.74356 020131 066178 0.62460 051986 055684 0.52598 0.4909704401 0.39711 0.35553 031161 028584 025608 0.11316 13 017660403 077303 0.72543 068095 0.6940 060057 056127 051032 049856 0.40534 041496 0.36790 0.33613025906 025751 2017 00914 14 06 081153 079788 070773 060112 061778 057748 053997 050507 0.47257 0.423003875 0.34046 0.29925 0.2633 033190 0.20402 007799 15 010135 0799651001009047 061116 059689 055526 051672 046102 044793 041227 036245 031524 0.2454 03399 0.209000170006091 16 0.33 0.78503 0.72545 0.67361 0.62317 0.57671 0.53391 0.49447 0.45811 043458 30365 0.33873 0.29189 0.2187 0.21763 0.13829 0.16311 0.05409 17014438 077639 0.71416 0.65720 060502055730 05133 047316 048630040245 0.37136 031657027027 023107 0.19784 010063 014564 004507 11 0.13602 0.76491 070016 0.04117 0.58739 0.53836 049369 0.45286 041552 034147 035034 0.29586 025025 021199017956 015732 0.13004 003756 1900774 0.75361 06861062553 0.57029052016 0.47464 043310 019573 0.36156 033051 0.27651 02371 0.1949 016351 013761 011011 001110 20 03194 0 247 067292 061027 0.55360030357 0.45639 041464 0.37689 03417 0.31180 075842 021455 01764014864 01240 0.10167 000 21 0.0114 0.731500.65073 0.59539 0.53755 0.48557 0.43333 10679 0.3 0.33486 0.29616 0.34151 0966 0.16970 0.1151 0.11174 0.0025 0.02174 24 0.7177 0.07954 0.6217 055288 0.4919) 043796 039012 0770 0.31007 027606 0.16 010715 0.15770 0 12640 0.1013 001170 0005800133 50.7777 06821 0.000530539 047701 042315 0.37512 031273 0.29530 0.26723021100 01145 0.14002 011197 0.09280007361 00502 001048 075664 0.6591005437050088 04370 015165 033348 0.99137 025509 0.13332 0.1956 015040011591 00055 006934 005300041170.000 074934 004936 0.56311 0:43866 043435' 0.6875 0.12005021902 024295 020160.114456 014056 0.10733 000015006104 0049 003 000506 3074192 0.63976 0.45207 0.47074 0.41199 0.25628 0.36832 0.36700 0.23138 0.0064 0.17411 0.13137 0.09938 0.07537 0.05731 0.9436 02333.0041 073458 01 05412 0.46511 1999 01433029646 0.3550 033036 0.190180.16425012277 009303000005210.0093500051 40067185055126 045209 0372030306560.25259 0209 0.17193 014205 0.11446 009710067004603 003184 06209 058 0010000 TABLE 3 Future Value of an Ordinary Annuity of $1 (10-1 1 FVA - 15 2044 3.09 3.59 40 45 5046 ILO 120 2009 10000 10000 20350 709 10000 20700 10000 20100 30301 40004 51010 10000 2100 10000 10000 2015026700 3043 3.0004 40909 4310 52040 1.0000 20450 3.1370 10000 22000 10000 20350 3.0756 41535 5.2553 21100 10000 20100 3.0909 4130 5.3091 10000 20550 31680 4342 60% 10000 20500 31836 43746 5,6371 10000 20400 31216 2465 54163 3.1067 9.09 10.04 10000 10000 30900 21000 33100 2573146410 59547 61051 10000 2.0800 3.2464 45061 5666 31525 41101 4272 444999 42149 53635 SEO 3.4707 55356 3.5811 5.7507 TU 6.9753 7.2533 7.3350 77156 7.9129 9.9290 94372 9730 61530 3106 6.301 63877 6.6130 73155 73710 74343 7.5474 76633 7.7794 7.1983 1155 4320 1.5830 7161 1921 90517" 9.214 97546 9.9545 10.1591 10.3635105828 10100107027 10 9497 11 3034 11 4639117314 12.0061 & 12669 9.7216 12.15 6.7100 8.0192 9800 10.1021 12/2883 6.8019 31420 9.5491 11.0260 12.5779 80540 10.2598 11 9780 138164 75233 9.2004 11.085 13.0210 15.1929 1152 12.0190 132997 14.7757 111594 10.6.566 124876 112563 135795 114913 13 1808 14 1640 10.730 20.99 35.9587 12.8754 144866 159174 17547 14.2068 14.9716 15.7316 19.50 186313 19. 5614 20.6546 32.1564 16.6455 189721 151699 21.3863 39 s 11 11.5608 1.6 12.1687 12.4835128078 13.1420 13.4864 12 120815 13.04121111 13.7956 14 1920 14000 15.0258 13130931433140 15.1404 15,6178 16 1130 166268 14 414415450415.9739 16:519017086317.6770 182919 15 16 16 51 17 2934 179319598919 2957 200236 15.8412 15.4640 17.1599 189321 20.7841 14.5835 16.3856 182055 202936 22.4087 159171 177130 19.5936 215786 178585 201406 225505 20 4953 201407 22.9534 30.0192 293009 227132 24.1331 26 2116 0291 30.0949 333926 344054 37.2797 21.0151 32760 242149 271521 279750 317725 414966 59.1959 720351 251290 23.6575 27 851 11.00 359497 42.9533 22.7193 24.7412 39.1899 SOOS 37.4421 105 900 16 172579 17.9334 15.603 193102 20.1569 20.9710 21.8245 17404 19.2014 20.0122205647 217616237050 3,6975 I 190147 20.694 21413223234144 2:99725,6454 1970 110 27967 2240078.9460351109263572 27.0712 202201901512372994255447 1657042197 29.7951 255404 28 1334 10.5190 330660 263551 29.0636 31.3714 34.6411 269964 294812 32 1027 34 8633 25.6725 28212 309057 137600 30 103 33.920 371790 10 9955 33.7502 374503 416163 36.9737 111011 460185 511601 4054 455992 53 1591 57 2750 50 1959 56 9.95 55.797 149 1111107 154100 36.7856 642025 720594 IRO.SE 21 153447035733 27.1833 2.6765 10.2015 3969 13.71 35.7193 37.7161 39.9917 44.8652 50,220 56.7445 14.0033 71.2651 1957 304754975350506123.902742:5754 516227 560549 010071 06:38 724155 79,05024608112332136307516190 199.000 40327 TL 1050 54.679 00:020674026754011 45503950215 107.0305 12079981360036 1547630 199 6351 25.058530445936581770914 337 TABLE Present Value of an ordinary Annuity of $1 PVA 046 5.54 7.09 9093039 097561 1 0.99010 197000 3100 0.97037 1913 0.95238 1941 1955 1.1156 1927 235602 1.1999 250164 3.67308 0.96354 1:8860) 187207 277509 2.71896 362990 3.58755 5182 438998 291230 335438 4704 3.04 093593 177326 257710 23123 399271 0.94787 1.44637 269793 350515 427033 10.09 30.045 091243 090909090090 0.9256093333 1 75911 L73554 171252162005577 253129213685244371 2.40183 240643 3279723.16987 N025301735 256573 359653.79079169590)60171 2.99001 0.940340 153339 267501 3:46511 421216 282561 371710 457971 272125 354595 09345 LOBO 26303 338721 410020 4390197 3.3 3.76197 4145 451505 5.7954 5.24214 4.99553 476654 491733 55238 600305 5.68297 1 + 579 6521 7693 3005 5.6010 5.50513 5.41719 53N55 647199 6.1939 621023 6.11454 73354717014701909-57396 797087 7.75611 7.60765 396059 3.75200 53000 831661 76510 5.15757 5.0750 589270 5.78657 659559646321 7.26879 7.10782 791272 7.72173 4.62255 5.206557 574664 634457 6.70979 $38929 597130 6.51593 673274 7.43511 311090 4.4359343536 43054 411141332551 503295 4868427122045637660459 55325334935146124.96754301716 599535 5.759025.5370553525403097 641766614575589215.65002419147 150 6.24689 695220 753763 630109 736009 10 703155 6.71005 7.49567 7.13896 753005 Il 10.36763 10.07.12 9.75685 9.51421 9.35262 9.00155 3.76045 5.52893 8.30641 09254 7887 1135508 10907511057534 10 35776 995400 9.66333 9.38507 9.11858 36935 361 8.38384 1321331 1173159 1034037 10.98339 106 10-30274 9.98565 960285 9.39357 911700 885268 141300370 12.54331 12.106351169091 107 1092052 10.56312 10 272839,9164 1965 9.29193 15136013343125493012381381193794 151741 1111839 10.7395510379661003758971225 7969 8.35785 790376 6.50519.49506 6.30652 593770 431706 7.16073 681569 6.49236 6 1947 14192 7,690710330 697042355 453203 7.78615 7.366096.90187 6,60817 461057 806089 700605 719057681086 467547 174547 910791 5598 16 177 1126 1337771 13.08500 12.56110 12.09412 11.652.50 11.401 10.83727 10.46216 10.10590 9.41665 385137 17 1556035 1490765 14 39107 17122013.16612 1265132 12 16567 11.70719 11 27407 1086461 10.477269.76822 9.12164 11619007 15673561499203 1435336 13.75351 1318963 12.65950 12.1599 1168959 113450710760 10.05909 93719 19 11.33001100017 1567346 147 1433300 1170934 1313394 1259335 1208532 11.601 115112 1033560560560 31804555 1716164 1635145 15.58916 14377471421240 13.59033 13.00794 13.46221 11.95038 46992 10 59401 9.81815 3:31256789371737916 697599 472956 354363 02155 754879711477463 75563 20141770762726741219 195011 5.36492725929 7365785850 9.13855 8.51356 796333 7460440958 21 IN 17.9014 17.011211615455 15.41502 14.6797 14.02916 13.40472 12.5 13.27334 11.76405 10.83333 10.01650 9.29224 8.64860 3.07507 75630049132 522031019119.57346 1043 17413151641151 15,62208142621 140934 1341393 12.733.36 1165358 1067478 2253 07104 8421142543141925 73401554737546 393029 19.604 183920517.29203 16 15 373451451375 15.76451 12-40901 112577110.2756594291 16932905511497 2340 2735541 5102 23.11477 2.35507 19.79277 18:40158 1715909 10.04012 15.046301338171 19401 10.7575697908195105 10371 499000 TABLE 5 Future Value of an Annuity Due of $1 FVAD *(1+) +) 10 3.09 38 404 SUS 6.046 7045 LON 9.09 10.0 SI 1 1:55 101 104 5.5 10650 T 0100 10350 4.5% 10450 20110 10700 10800 0060 10300 20000 12000 10100 21310 10500 19 10000 21836 11000 73100 11:00 2374 OLE 21063 SO OVI 23149 2171 26100 204 25 10200 10250 20604 20750 31216 42040 53051 5.3873 11100 2421 17092 5:27 1836 32149 33746 GORE TELSE 1.0410 36604 41010 5150 32782 44707 33101 45256 35061 8060 43091 33423 45811 5881 44163 47503 49847 65233 51051 67156 1779 4. 33538 4410 7T153 5 ES 5.4634 55503 5.6330 5.7169 5.8019 5.9758 CESTO 6.3359 6.9129 7366 7.3938 7.6540 7.93 5.2004 10.0285 LISO 7,0192 3800 9.3001 5 3134 81300 6.463 15414 6.6625 67794 6.593 7438 75030 7.7361 7.6923 3214 35919.368952 94632 97027 9.9497 102034 10.4699 107314 11.0061 10105665 10 5633 11 1687 11.483511 8078 121430 12.4854 18975 9.1420 85491 10.0266 11.5779 13 3061 9.2598 10-9780 12 0210 7216 102563 118754 13.5835 154991 19.7909 8.4872 10.4359 1257) 149374 12.5312 9.6166 114976 134866 15.6455 10.4913 12110 13.9716 3.7833 10.8594 13 1640 15.7220 185614 9.00 117997 117757 165437 19.0546 11.22 12.8164 14 1920 16 5003 12 8412 SERS 147836 1440 15 14,9171 16.7130 15.3856 17.2563 192936 19.1.207 21.9534 TO 16.685 19.1406 21.5505 230331 270291 171 111.4835 120412 12.4121 12.7956 13.1920 13.6030 14.0258 13 113031323613 610341404160175 -15.11.30 156268 13139474 14450414973915 5190 160863 16-6770 17.2919 14 15.090915621 16 2934 16931917598916 1957 19.0236 15 1657 169334 17 693 13:3802 19 1569 1997102030345 20.3845 23 5222 26.9750 179771 20:4953 232189 26521 ROS 42.1956 58 1959 ISTOOL 16 1599 17.9301 19.7341 21 7193 ESTOS 21.7133 352116 29.099 13.4054 11199 185986 20576 214057 22 2760 34120 30.7735 362792 71035 16401 226575 EVOER MOOZE 34.9497 66 417539 29937 473 13.00 9.95 10.3013 44.5992 24404 27.1324 295390 32.0660 25.8964 23: 4512 31 1027 33 367851 27.2120 20.5402 29.9057 929990 37000 363290 3576 19.9945 32.7503 36.4500 10-16 4.3630 1043306 127116 1537400 14 174504 18.2014 19.012119.5647 20.7016 217050 32.075 23.7417 1716141 1940 204125 215 216 234997345454 81 191091797 213406 240 2411092535 366713 23.0636 19 21019021237212914245467258704 272797287781 30.3714 302212234056726183 276765 29.2695309092 15 10 S 55 6209 50 1591 56 2750 10010 YOSO 317811 49079 55.7565 347199 0 713651 SCOT TETE EST 16 11 16 24376 20.2990 27.629 29.5368 32 33 3450 37.505 30.500 39 54450 70.4037 501141 5036 270.00 1563051406709350117 75530103131311 465706 50 1135 539000 58 1560 67.6785 75 330106 TRIE 1261 3015113110111179445 000 190017514295583333 7534 69 700 70414 330121010730137459 14851014130:9133711579 30 35001610049070170110 111 5462 196 195 1441189 164047721100962797802910161518 520 396 88024 YA LEO Present Value of an Annuity Due of $1 " PVAD 10 2254 3.09 40 SU 60 704 000001 5.596 100000 3.5 100000 16611 29969 100000 194340 1.00000 1945 1.54 204 100000 100000 1.9099 194156 9120 13 43010773 165261 5.04 100000 195231 385941 199010 92640 30 100000 100000 197561 19702 292742291347 355602 3.83561 76197 421710 3 100000 100000 1.56154 195694 287267 377509374390 462990 458753 3.09 100 11.01 12.01 100 1 00000 T 00000 100000000000000000000 19124 190909 190090 1.1926 183333 17 279112355427125 200 27 35773035129 346 3443711401310618 421972 41607430245 405735 58573 CORO 1 94787 284693 369793 450515 IS STELLE 28339 367301 3.80164 3.6202 6100 467308 454595 446511 . 54 CASTS 55150 5:39 SOLES 5.21330 3. 6 50313 734939 5.45182 624214 632155 CELISS 37247341 65014 1.59221 140 11154 9300 16374 ISTOS 557971 8.41719 7.2005 8.01909 875611 015732 6.19270 700205 2945 601509 599553 6.78637 6.68297 7.46321 733457 1078279280 510030 5.76654 6.3929 6.97130 751523 499171 4. 545592 6.306 674664 653412 7.2468969535 4.790799590 4.60475 3.99061 535536593034 $191412551 5.863425.713305563764.00459 1515493 61461259076443736 75926317052530307 291593 PIOLI | 7.73274 70979 9 7.87395 160709 7.5959 826879 10 56609 97087 KESE 7.80169 209 1840 1012018 9.75306 9.53030 9.31661 9.11090 3.72173 1.596.36000 1211670) 1107112 10 10 5121 10:25202 1000155 9.76018 952092 910041 13 12 1550 11.07511575341125770 10.95000 10 6633 10.38507 10:11858 9.50325 961553 1354 14 13:133M 127315312367 1968 116496 11.30274 109856161285 10 29357 10.11708 1518000 110025 12.000911229607 1193052 11 561111122231019804 105 10 1991 R0215 14907 20 7.71000 113 5360 OLE OLLO 06 SRESEG 7.41766 7.80519 10073 4500 73615 7.14457 923 65022519249 795063 20653 691701700 761309 749236 717 41923 110336 747 742355 353 36608 791157 11561057 SO 392588 WESS 9547 934 WET TOTI 16 14 14 14 13.54036 138 1295704 12.1941 111119 11.05 11.7066 107 108 10.10701 . 2.000 7.87086 547347 111513136 H457771 1030010110 1101112 1265710 12.334021107 1146310 11 10500 10400 811731156291796 156 157 1529071471220 1601218132 1316567 12.90719 12:02 1166101 114778 107631013164 50363 01 481946 1917 16 67156 159303 15 35336 1475351 1419 11 699013199991299 13400 112700 11:00 10:37 20141016306781210 10.73801 17617 106754619719 15.1330 14.70914 1913 1359129 13033) 12.00012181311115601000000 946491929330 I 2110045 IN 1735145 16.50916 15.774911240 14.5 14.00794 13.40321 11.05018 11.431.01 10.1818 1.1315 9.15.45 14 1913 199 1795 170583 161349548 147964151301355016124093111537810700 3343345355 10 1884 1903577 17.95371170219 16 14107 15.33310 1459012112777 1215841 11101001100011 1973 031600 320017101423 100 10350 20.5419.72900 1101704 1698615290714264911237581735 1730573