Ch. 5 Homework i 7 1 points Saved Help Save & Exit Submit Check my work 03:03:26 Assuming a 12% annual interest rate, determine the present value of a five-period annual annuity of $5,000 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. Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Required 3 Hint Ask The first payment is received on December 31, 2022, and interest is compounded annually. (Round your final answer: nearest whole dollar amount.) Table or calculator function: Payment: Print n = 20 i= 3% PV- 12/31/2021: References Mc Graw < Prev 7 of 10 Next >