Present Value Calculations (Annuities).For each of the following independent scenarios, useFigure 8.10 "Present Value of a $1 Annuity Received at the End of Each Period for " to calculate the present value of the cash flow described. Round to the nearest dollar.

1. $1,000 will be received at the end of each year for 6 years. The rate is 12 percent.
2. $1,000 will be received at the end of each year for 6 years. The rate is 15 percent.
3. $10,000 will be received at the end of each year for 6 years. The rate is 7 percent.
4. $250,000 will be received at the end of each year for 4 years. The rate is 10 percent.