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Present Value of an Annuity Determine the present value of $320,000 to be received at...

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Accounting

Present Value of an Annuity Determine the present value of $320,000 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 4. Round to the nearest whole dollar.

First year $.......

Second Year $.......

Third Year $........

Fourth Year $.......

Total present value $........

b. By using the present value table in Exhibit 5. Round to the nearest whole dollar. $......

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