Use the present value tables in Appendix A and Appendix B to compute the NPV of each of the following cash inflows:

Required:

1. $104,500 received at the end of 6 years. The discount rate is 5 percent.
2. $3,800 received annually at the end of each of the next 15 years. The discount rate is 6 percent.
3. A 10-year annuity of $5,500 per annum. The first $5,500 payment is due immediately. The discount rate is 6 percent.
4. $36,250 received annually at the end of years 1 through 5 followed by $23,250 received annually at the end of years 6 through 10. The discount rate is 12 percent.

(For all requirements, round discount factor(s) to 3 decimal places, all other intermediate calculations and final answers to the nearest whole dollar amount.)