E 6-4 Determine the combined present value as of December 31, 2011, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%.

Determine the combined present value as of December 31, 2011, of the following four payments to be
 

ANSWER KEY E 6-4 Present value; multiple, unequal amounts

E 6-4 Determine the combined present value as of December 31, 2011, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%.

Payment           Year Received

$5,000                         2012

6,000                           2013

8,000                           2015

9,000                           2017

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