Problem $4-49$ Calculating Annuities Due

Suppose you are going to receive $$13,100$ per year for five years. The appropriate

interest rate is $8$ percent.

a$-1.$ What is the present value of the payments if they are in the form of an ordinary

annuity? $($Do not round intermediate calculations and round your answer to $2$

decimal places, e$.$g$.,32\mathrm{.}16.)$

a$-$ What is the present value if the payments are an annuity due? $($Do not round

intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$-$ Suppose you plan to invest the payments for five years. What is the future value if the

payments are an ordinary annuity? $($Do not round intermediate calculations and

round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$-$ Suppose you plan to invest the payments for five years. What is the future value if the

payments are an annuity due? $($Do not round intermediate calculations and round

your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$