Suppose you are going to receive $13,200 per year for five years. The appropriate interest rate is 8.1 percent.

(FILL IN YOUR ANSWER WITH A COMMA FOR THOUSANDS AND A DOT FOR DECIMALS, do not fill in any currency sign ($, etc). So for instance, One-hundred-thousand-and-fourty euros and 50 cents would be 100,040.50. For percentages use a dot and NO % sign. For instance if you think an answer is seven per cent and 22 hundredths, write 7.22 )

a-1.	What is the present value of the payments if they are in the form of an ordinary annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

a-2.	What is the present value if the payments are an annuity 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 annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b-2.	Suppose you plan to invest the payments for five years. What is the future value if the payments are an annuity due? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)