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

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Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end of eac

business accounting

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Answer 1

Answer #1

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Year received	Interest rate (i)	Present value of $1	Payment	PV
2022	8%	0.92593	7000	6481.51
2023	8%	0.85734	7800	6687.25
2025	8%	0.73503	9600	7056.29
2027	8%	0.63017	11200	7057.90
Total				27283

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Answer 2

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