The present value of $50,000 to be received in 5 years at an interest rate of 16%, compounded annually, is $23,806. Required: Using a present value table (Table 6-4 and Table 6-5), calculate the present value of $50,000 for each of the following items (parts a- f) using these facts: (Use the appropriate value(s) from the tables provided. Round your PV factors to 4 decimal places and final answers to the nearest whole dollar.) a. Interest is compounded semiannually. Present value b. Interest is compounded quarterly. Present value