Exercise $5-14($Algo$)$ Present value; annuities $[$LO$5-8]$

Assuming a $12\%$ annual interest rate, determine the present value of a five$-$perlod annual annulty of $$4,100$ under each of the following

sltuations:

Note: Use tables, Excel, or a financlal calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

The payments are recelved at the end of each of the five years and interest is compounded annually.

The payments are recelved at the beginning of each of the five years and interest is compounded annually.

The payments are recelved at the end of each of the five years and interest is compounded quarterly.

Complete this question by entering your answers in the tabs below.

Required $3$

The payments are received at the end of each of the five years and interest is compounded annually.

Note: Round your final answers to nearest whole dollar amount.