Q15 Please help!

Use the Present Value of \$1 table to determine the present value of \$1 received one year from now. Assume an 8% interest rate. Use the same table to find the present value of 51 received two years from now. Continue this process for a total of five years. Round to three decinal places. Read the requirements Yiew the Present Value of st table. Vew the Present Value ot Ordinary Annuity of S1 table. Requirement 1. What is the fotal present value of the cash flows received over the five-year period? Caloulate the total present value of $1 received each year. (Round to tree decimal places 00 ) Requirements 1. What is the total present value of the cash flows received over the five-year period? 2. Could you characterize this stream of cash flows as an annuity? Why or why not? 3. Use the Present Value of Ordinary Annuity of $1 table to determine the present value of the same stream of cash flows. Compare your results to your answer to Requirement 1. 4. Explain your findings. resent value of $1 Present Value of Ordinary Annuity of $1