Question: Determine the present value of $ 2 2 0 , 0 0 0 to be received at the end of each of four years, using

Determine the present value of $220,000 to be received at the end of each of four years, using an interest rate of 7%, compounded annually, as follows:
a. By successive computations, using the present value table in Exhibit 8. Round to the nearest whole dollar.
First year $fill in the blank 1
Second Year fill in the blank 2
Third Year fill in the blank 3
Fourth Year fill in the blank 4
Total present value $fill in the blank 5
b. By using the present value table in Exhibit 10. Round to the nearest whole dollar.
$fill in the blank 6

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