Question: Determine the present value of $ 2 6 0 , 0 0 0 to be received at the end of each of four years, using

Determine the present value of $260,000 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.
b. By using the present value table in Exhibit 10. Round to the nearest whole dollar.
$
Determine the present value of $260,000 to be received at the

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