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%. Payment...

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%.

  Payment Year                   Received

                                          $ 5,000                         2022
                                             6,000                         2023
                                             8,000                         2025
                                             9,000                         2027