Present Value of Annuity of $1 Present Value of $1 Calculate the present value of the following amounts: 1. $16,000 at the end of five years at 12% 2. $16,000 at the end of each year for the next five years at 12% (If using present value tables, use factor amounts rounded to three decimal places, X.XXX. Round your final answers to the nearest whole dollar.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) 1. The present value of $16,000 at the end of five years at 12% is