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Suppose you are going to receive $ 1 4 , 5 0 0 per year for five years. The appropriate discount rate is 7 .

Suppose you are going to receive $14,500 per year for five years. The appropriate discount rate is 7.1 percent.
a. What is the present value of the payments if they are in the form of an ordinary annuity?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
b. What is the present value of the payments if the payments are an annuity due?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
c. Suppose you plan to invest the payments for five years. What is the future value if the payments are an ordinary annuity?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
d. What is the future value if the payments are an annuity due?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
\table[[a. Present value,$,59,294.01
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