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Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2018, of a five-period annual
Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2018, of a five-period annual annuity of $7,700 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, 2019, and interest is compounded annually 2.The first payment is received on December 31, 2018, and interest is compounded annually 3.The first payment is received on December 31, 2019, and interest is compounded quarterly. Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 The first payment is received on December 31, 2019, and interest is compounded annually. (Round your final answers to nearest whole dollar amount.) Table or calculator function: Payment: PV - 12/31/2018 Required 1 Required 2>
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