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Suppose you are going to receive $12,000 per year for five years. The appropriate interest rate is 9 percent. 0-1. What is the present value

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Suppose you are going to receive $12,000 per year for five years. The appropriate interest rate is 9 percent. 0-1. 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. 0 -2. 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.) b-1. Suppose you plan to invest the payments for five years. What is the future value if the payments are an ordinary annuit Note: 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 annuity due? Note: Do not round intermediate calculations and round your answer to 2 decimol ploces, e.g., 32.16. c-1. Which has the higher present value, the ordinary annuity or annuity due? c-2. Which has the higher future value

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