Using the table provided, if you agree to make three annual payments of $6,000 each for a piece of equipment, with an incremental borrowing rate of 8%, how much will you record the purchase price of the equipment for assuming first you make the annual payment at the end of each year and next you make the annual payment at the beginning of each year.

PV single sum 3 periods 8% ------------ .79383

PV single sum 6 periods 4% ------------ .79031

FV single sum 3 periods 8% ------------ 1.25971

FV single sum 6 periods 4% ------------ 1.26532

PV annuity 3 periods 8% ------------ 2.57710

PV annuity 6 periods 4% ------------ 5.24214

PV annuity Due 3 periods 8% ------------ 2.78326

PV annuity Due 6 periods 4% ------------ 5.45182