Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2021, of a five-period annual annuity of $5,000 under each of the following situations: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. The first payment is received on December 31, 2022, and interest is compounded annually. 2. The first payment is received on December 31, 2021, and interest is compounded annually. 3. The first payment is received on December 31, 2022, and interest is compounded quarterly. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The first payment is received on December 31, 2022, and interest is compounded annually. (Round your final nearest whole dollar amount.) Table or calculator function: Payment n = PV - 12/31/2021 The first payment is received on December 31, 2021, and interest is compounded annually. (Round your nearest whole dollar amount.) Table or calculator function: Payment: n = PV - 12/31/2021: The first payment is received on December 31, 2022, and interest is compounded quarterly. (Round your fi nearest whole dollar amount.) n = PV - 12/31/2021 Deposit Date 12/31/2022 12/31/2023 12/31/2024 12/31/2025 12/31/2026 Deposit $ 5,000 5,000 5,000 5,000 5,000 $ 0