Assuming a 12% annual interest rate, determine the present value of a five-period annual annuity of $4,700 under each of the following situations: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. The first payment is received at the end of the first year, and interest is compounded annually. 2. The first payment is received at the beginning of the first year, and interest is compounded annually. 3. The first payment is received at the end of the first year, and interest is compounded quarterly.