Problem $5-21$ Annuities $($LO$3)$

Calculate the present value of the following:

a$-1.$ Annual payment of $$800$ for $10$ years at $5\%$ interest. $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

a$-2.$ Annual payment of $$600$ for $15$ years at $5\%$ interest. $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

a$-3.$ Which option would you prefer?

b$-1.$ Annual payment of $$800$ for $10$ years at $20\%$ interest. $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

b$-2.$ Annual payment of $$600$ for $15$ years at $20\%$ interest. $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

b$-3.$ Which option would you prefer?

$\backslash$table$[[$a$-1.,$Present value,$],[$a$-2.,$Present value,$],[$a$-3.,$Which option would you prefer?,$],[$b$-1.,$Present value,$],[$b$-2.,$Present value,$],[$b$-3.,$Which option would you prefer?,$]]$