Problem 5-46 Calculating Annuities Due [LO 1] Suppose you are going to receive $10,500 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 annulty? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a-2. What is the present value of the payments If the payments are an annulty due? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b-1. Suppose you plan to Invest the payments for five years. What is the future value if the payments are an ordinary annulty? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b-2. What is the future value if the payments are an annulty due? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c-1. Which has the higher present value, the ordinary annulty or annuity due? c-2. Which has the higher future value? a-1. Present value of ordinary annuity a-2. Present value of annuity due b-1. Future value of ordinary annuity b-2. Future value of annuity due c-1. Higher present value c-2. Higher future value