Suppose you are going to receive $17,000 per year for 8 years. The appropriate interest rate is 6 percent.

Requirement 1:
(a)	What is the present value of the payments if they are in the form of an ordinary annuity?

(Click to select)171,800.22111,900.48213,538.73119,334.77105,566.49

(b)	What is the present value if the payments are an annuity due?

(Click to select)182,108.23111,900.48219,944.90122,914.81105,566.49

Requirement 2:
(a)	Suppose you plan to invest the payments for 8 years, what is the future value if the payments are an ordinary annuity?

(Click to select)151,169.71178,352.37168,256.95436,432.98342,666.98

(b)	Suppose you plan to invest the payments for 8 years, what is the future value if the payments are an annuity due?