Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2016, of a five-period annual
Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2016, of a five-period annual annuity of $5,300 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. 1st payment is rec 12/31/17 interest compounded annually
table function...?
payment....?
n=.....?
i=..........?
pv 12/31/2016
2. 1st payment is rec 12/31/2016 interest compouned annually
table function.......?
payment.......?
n=.....?
p=.......?
pv 12/31/2016
3. 1st payment is rec 12/31/2017 interest is compounded quarterly
depostit date......i=...............n=......deposit...........PV 12/31/16
12/31/17...........?..................?........5300................?
12/31/18...........?.................?.........5300...............?
12/31/19............?................?.........5300..............?
12/31/20............?..............?...........5300.............?
12/31/21...............?............?..........5300.............?
Please answer each question with ? marks..thanks
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