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Determine the combined present value as of December 31, 2021, of the following four payments to...

Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.)

Payment Year Received
$ 9,250 2022
9,825 2023
11,400 2025
13,675 2027

Year Received   i =   n =   Payment   Present Value
2022 8% ? $9,250 ?
2023 8% ? 9,825 ?
2025 8% ? 11,400 ?
2027 8% ? 13,675 ?
Total ?


Solutions

Expert Solution

Year Payment PV @8% PV
2022 $                    9,250 0.9259 $             8,565
2023 $                    9,825 0.8573 $             8,423
2024 0.7938 $                   -  
2025 $                 11,400 0.735 $             8,379
2026 0.6806 $                   -  
2027 $                 13,675 0.6302 $             8,618
$          33,985

ekkarill92 answered 2 years ago
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