Exhibit 1-C Present Value of S1 to Be Received at the End of a Given Number of Time Periods Exhibit 1-B Future Value (Compounded Sum) of \$1 Paid In at the End of Each Period for a Given Number of Time Periods (an Annuity) A financial company advertises on television that they will pay you $55,000 now in exchange for annual payments of $8,000 that you are expected to receive for a legal settlement over the next 16 years. You estimate the time value of money at 12 percent. 1. Calculate the present value of the annual payments. (Exhibit 1A. Exhilbit 1-B, Exhibit 1-C. Exhibit 1-D) Note: Use appropriate factor(s) from the tables provided. 2. Would you accept this offer? Complete this question by entering your answers in the tabs below. Calculate the present value of the annual payments. Note: Round time value factor to 3 decimal places. Do not round other intermediate calculations. Round final answer to 2 decimal places. Exhibit 1-D Present Value of \$1 Received at the End of Each Period for a Given Number of Time Periods (an Annuity) Xxhibit 1-A Future Value (Compounded Sum) of $1 after a Given Number of Time Periods