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S12-9 (similar to) Question Help a. Use the Present Value of $1 table to determine the present value of $1 received one year from now. Assume a 14% interest rate Use the same table to find the present value of $1 received two years from now. Continue this process for a total of five years (Click the icon to view the present value factor table.) (Click the icon to view the present value annuity factor table.) What is the total present value of the cash flows received over the five-year period? b. Could you characterize this stream of cash flows as an annuity? Why or why not? Use the Present Value of Annuity of $1 table to determine the present value of the same stream of cash flows. Compare your results to your answer to Part A d. Explain your findings c. a. What is the total present value of the cash flows received over the five-year period? (Round all amounts to three decimal places) Year Present value Year 1 Year 2 Year 3 Year 4 Year 5 Total present value of five yo annuity? Why or why not? i Reference -X (CH (CH able.) cash . n. Wha places Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% Period 1 0.990 0.980 0.971 0962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 Period 2 0.980 0.961 0.943 0.925 0.907 0.890 0.857 0.826 0.797 0.769 0.743 0.718 0.694 Period 3 0.971 0.942 0.915 0.889 0.864 0.840 0.794 0.751 0.712 0.675 0.641 0.609 0.579 Period 4 0.961 0.924 0.888 0.855 0.823 0.792 0.735 0.683 0.636 0.592 0.552 0.516 0.482 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 | 0.681 0.621 0.567 0.519 0.476 0.437 0.402 Period 6 0.942 | 0.888 0.837 0.790 0.746 0.705 0.630 0.564 0.507 0.4560.410 0.370 0.335 Period 7 0.933 0.871 0.813 0.760 0.711 0.665 0.583 0.513 0.452 0.400 0.354 0.314 0.279 Period 8 0.923 0.853 0.789 0.731 0.677 0.627 0.540 0.467 0.404 0.351 0.305 0.266 0.233 Period 9 0.914 0.837 0.766 0.703 0.6450.592 0.500 0.424 0.361 0.308 0.263 0.225 0.194 Period 10 0.905 0.820 0.744 0.676 0.614 0.558 0.463 0.386 0.322 0.270 0.227 0.1910.162 Period 11 0.896 0.804 0.722 0.650 0.585 0.527 0.429 0.350 0.287 0.237 0.195 0.162 0.135 Period 12 0.887 0.788 0.701 0.625 0.567 0.497 0.397 0.319 0.257 0.208 0.168 0.137 0.112 Period 13 0.879 0.773 0.681 0.601 0.530 0.469 0.368 0.290 0.229 0.182 0.145 0.116 0.093 Period 14 0.870 0.758 0.661 0.577 0.505 0.442 0.340 0.263 0205 0.160 0.125 0.099 0.078 Period 15 0.861 0.743 0.642 0.555 0.481 0.417 0.315 0.239 0.183 0.140 0.108 0.084 0.065 Period 20 0.820 0.673 0.554 0.456 0.377 0.312 0.215 0.149 0.104 0.073 0.051 0.037 0.026 Period 25 0.780 0.610 0.478 0.375 0.295 0.233 0.146 0.092 0.059 0.039 0.024 0.0160.010 Period 30 0.742 0.552 0.412 0.308 0.231 0.174 0.099 0.057 0.033 0.020 0.012 0.007 0.004 Period 40 0.672 0.453 0.307 0.209 0.142 0.097 0.046 0.022 0011 0.006 0.003 0.001 0.001 Total Pl Print Done Done Fed two years from now. Continue this process for a total you ch acterize this stream of cash flows as annuity? Why or why not? 0 Reference - 3) ha S 1% Present Value of Annuity of $1 Periods 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% Period 1 0.990 0.980 0.971 0.9620.9520.943 0.926 0.909 0.893 0.877 0.862 0.847 Period 2 1.970 1.942 1913 1.886 1.859 1.833 1.783 1.736 1.690 1.647 1.605 1.566 Period 3 2.941 2.884 2.829 2.775 2723 2.673 2.677 2487 2402 2.322 2.246 2174 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3170 3.037 2.914 2.798 2 690 Period 5 4.853 4.7134.580 4.452 4.329 4.212 3.993 3.791 3.605 3.433 3.274 3.127 Period 6 5.795 5.601 5.417 5.242 6.0764.917 4.623 4.356 4.111 3.889 3.686 3.498 Period 7 6.728 6.472 6.230 6.002 5.786 5.582 5.206 4.868 4.564 4.288 4.039 3.812 Period 8 7.652 7,325 7.020 6.7336.4636.210 5.747 5.335 4.968 4.639 4.344 4.078 Period 9 8.566 8.162 7.786 7.435 7.108 6.8026.247 5.759 5,328 4.946 4 607 4.303 Period 10 9.471 8.9838.530 8.111 7.722 7.360 6.710 6.146 5.6505.216 4.833 4.494 Period 11 10.368 9.7879.263 8.760 8.306 7.887 7.139 6,495 5.938 5,453 5.029 4.656 Period 12 11.266 10.575 9.9649,385 8.8638.384 7.536 6.814 6.194 5.660 5.197 4.793 Period 13 12.134 11.348 10.635 9.9869.3948.853 7.904 7.103 6.424 5.842 5.342 4.910 Period 14 13.004 12 106 11,296 10.563 9.899 9.295 8.244 7.367 6.628 6.002 5.468 5.008 Period 15 13.865 12.849 11.938 11.11810.380 9.712 8.559 7.606 6.811 6.1425.675 5.092 Period 2018.046 16.351 14.877 13.590 12.462 11.470 9.818 8.5147469 6.623 5.929 5.353 Period 25 22.023 19.52317 413 15 822 14.094 12.783 10.675 907778436.8736.097 6.467 Period 30 25.808 22 396 19 600 17 292 15.372 13.765 11.2589.427 8055 7.003 6.177 5.517 Period 40 32 835 27 356 23.115 19.793 17,159 15.046 11.925 9.779 8 244 7.105 6,233 5.548 20% 0.833 1.528 2.106 2.589 2.991 3.326 3.605 3.837 4.031 4.192 4.327 4.439 4,633 4.611 4675 4.870 4.948 4.979 4997 lp Print Done