Exercise 5-14 (Algo) Present value; annuities [LO5-8] Assuming a 12% annual interest rate, determine the present value of a five-period annual annuity of $2,600 under each of the following situations: Note: Use tables, Excel, or a financial calculator. (FV of \$1. PV of \$1. FVA of S1. PVA of S1, EVAD of \$1 and PVAD of \$1) 1. The payments are received at the end of each of the five years and interest is compounded annually. 2. The payments are received at the beginning of each of the five years and interest is compounded annually. 3. The payments are received 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. 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. following situations: Note: Use tables, Excel, or a financial calculator. (FV of \$1, PV of \$1, FVA of $1, 1. The payments are received at the end of each of the five years and interes 2. The payments are received at the beginning of each of the five years and 3. The payments are received at the end of each of the five years and interes Complete this question by entering your answers in the tabs below. The payments are received at the beginning of each of the five years and interest is Note: Round your final answers to nearest whole dollar amount. Assuming a 12% annual interest rate, determine the present value of a five-period annual annuity following situations: Note: Use tables, Excel, or a financial calculator. (FV of \$1, PV of \$1, FVA of \$1, PVA of \$1, FVAD o 1. The payments are received at the end of each of the five years and interest is compounded 2. The payments are received at the beginning of each of the five years and interest is compou 3. The payments are received at the end of each of the five years and interest is compounded Complete this question by entering your answers in the tabs below. The payments are received at the end of each of the five years and interest is compounded quarterly. Note: Round your final answers to nearest whole dollar amount
