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Determine the present value of 150000 to be received at the

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Determine the present value of $150,000 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 shown below. Round to the nearest dollar.

  • First year $
  • Second Year $
  • Third Year $
  • Fourth Year $
  • Total present value $

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

c. Why is the present value of the four $150,000 cash receipts less than the $600,000 to be received in the future?

Reference no: EM13599754

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