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 $ to be received at the end of each of four years, using an interest rate of compounded annually, as follows:
a By successive computations, using the present value table in Exhibit Round to the nearest whole dollar.
First year $fill in the blank
Second Year fill in the blank
Third Year fill in the blank
Fourth Year fill in the blank
Total present value $fill in the blank
b By using the present value table in Exhibit Round to the nearest whole dollar.
$fill in the blank
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