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Calculate the present value of the following annuity streams: a . $ 4 , 0 0 0 received each year for five years on the

Calculate the present value of the following annuity streams:
a. $4,000 received each year for five years on the last day of each year if your investments pay 7 percent compounded annually.
b. $4,000 received each quarter for five years on the last day of each quarter if your investments pay 7 percent compounded quarterly.
c. $4,000 received each year for five years on the first day of each year if your investments pay 7 percent compounded annually.
d. $4,000 received each quarter for five years on the first day of each quarter if your investments pay 7 percent compounded quarterly.
Note: (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. (e.g.,32.16))
\table[[,Amount],[a. Present value,],[b. Present value,],[c. Present value,],[d. Present value,]]
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