Question: given a 4 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,100, $1,200, $1,400, and

given a 4 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,100, $1,200, $1,400, and $1,500, respectively.

Note: show the PV for each year, and the total discounted PV.

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