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

Calculate the present value of the following:

a$-1.$ Annual payment of $$950$ for $10$ years at $5\%$ interest. $($Do not round intermediate places.$)$

a$-2.$ Annual payment of $$750$ for $15$ years at $5\%$ interest. $($Do not round intermedlate places.$)$

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

b$-1.$ Annual payment of $$950$ for $10$ years at $20\%$ interest. $($Do not round intermediat places.$)$

b$-2.$ Annual payment of $$750$ for $15$ years at $20\%$ interest. $($Do not round intermediat 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?,$$750$ a year for $15$ years$],[$b$-1.,$Present value,$],[$b$-2.,$Present value,$],[$b$-3.,$Which option would you prefer?,$$950$ a year for $10$ years$]]$