6) For the following find the equivalent present value for cash disbursements given in the table:

a) An interest rate of 12% compounded annually

b) An interest rate of 12% compounded continuously

c) An interest rate of 12% compounded semiannually

EOY Disbursement

0

1 4000

2 4000

3 4000

4 4000

5 7000

6 7000

7 7000