Suppose you are going to receive $13,200 per year for five years. The appropriate interest rate...

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Finance

Suppose you are going to receive $13,200 per year for fiveyears. The appropriate interest rate is 8.1 percent.

a-1
What is the present value of the payments if they are in theform of an ordinary annuity? (Do not round intermediatecalculations and round your answer to 2 decimal places, e.g.,32.16.
  Present value $

a-2
What is the present value if the payments are an annuity due?(Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16.)
  Present value $

b-1
Suppose you plan to invest the payments for five years. What isthe future value if the payments are an ordinary annuity?(Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16.)
  Future value $
b-2
Suppose you plan to invest the payments for five years. What isthe future value if the payments are an annuity due? (Donot round intermediate calculations and round your answer to 2decimal places, e.g., 32.16.)
  Future value $

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Suppose you are going to receive $13,200 per year for fiveyears. The appropriate interest rate is 8.1 percent. a-1What is the present value of the payments if they are in theform of an ordinary annuity? (Do not round intermediatecalculations and round your answer to 2 decimal places, e.g.,32.16. Present value$ a-2What is the present value if the payments are an annuity due?(Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16.) Present value$ b-1Suppose you plan to invest the payments for five years. What isthe future value if the payments are an ordinary annuity?(Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16.) Future value$ b-2Suppose you plan to invest the payments for five years. What isthe future value if the payments are an annuity due? (Donot round intermediate calculations and round your answer to 2decimal places, e.g., 32.16.) Future value$