Assuming a $12\%$ annual interest rate, determine the present value of a five$-$period annual annuity of $$6,800$ under each of the following situations:

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

The payments are received at the end of each of the five years and interest is compounded quarterly.