Find the following values. Use proper documentation and round to two decimal place.:

1. The future value of a lump sum of $12,500 invested today at 8 percent, annual compounding for 10 years.

2.. The future value of a lump sum of $12,500 invested today at 8 percent, quarterly compounding for 10 years.

3. The present value of $12,500 to be received in 10 years when the discount rate is 8 percent, annual compounding.

4. The present value of $12,500 to be received in 10 years when the discount rate is 8 percent quarterly compounding.

5. What is the present value of an ordinary annuity who pays $3,400 per year for 20 years at 9 percent?