Solution:
| Table values are based on : | |||||
| Cash Flow | Amount | i= | n= | PV Factor | Present value |
| Cash Payment | $190,000.00 | 9% | 0 | 1 | $190,000 |
| Present value of $190,000 Face Value | $190,000.00 | 9% | 1 | 0.91743 | $174,312 |
| Present value of $39,000 annuity | $39,000.00 | 9% | 2-21 | 8.37481 | $326,618 |
| Total | $690,929 | ||||
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in the tables
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