Use the present value tables in Appendix A and Appendix B to compute the NPV of each of the following cash inflows:

Required:

1. $22,500 received at the end of 15 years. The discount rate is 7 percent.
2. $4,100 received at the end of four years and $12,550 received at the end of eight years. The discount rate is 9 percent.
3. $1,850 received annually at the end of each of the next seven years. The discount rate is 7 percent.
4. $52,500 received annually at the end of each of the next three years and $67,000 received at the end of the fourth year. The discount rate is 8 percent.