Present value of amounts due Assume that you are going to receive $370,000 in 10 years. The current market rate of interest is 4.5%, compounded...

Present value of amounts due

Assume that you are going to receive $370,000 in 10 years. The current market rate of interest is 4.5%, compounded annually.

a. Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole dollar. 

$_________