Calculate the present value of each of the following ordinary simple annuities. Round the answers to the nearest cent Periodic Payment Payment Period Term of Annuity Interest Rate Present Value Compounding Frequency Quarterly 1. $1.525 Every 3 months 7.5 years 4.10% $0.00 2. $2,625 Every month 6 years 4.40% Monthly $0.00 3. $2,250 Every 6 months 5.5 years 3.80% Semi-annually $0.00 4. $2,225 Every year 8 years 4.90% Annually $0.00