Calculate the present value of the following annuity streams: a. $5,000 received each year for six years on the last day of each year if your investments pay 6 percent compounded annually. b. $5,000 received each quarter for six years on the last day of each quarter if your investments pay 6 percent compounded quarterly. c. $5,000 received each year for six years on the first day of each year if your investments pay 6 percent compounded annually. d. $5,000 received each quarter for six years on the first day of each quarter if your investments pay 6 percent compounded quarterly.

		Amount
a.	Present value	$28,185.47
b.	Present value	$143,167.60
c.	Present value
d.	Present value