E5.5 (LO 4) (Computation of Present Value) Using the appropriate interest table, compute the present values of the following periodic amounts due at the end of the designated periods.

a. £50,000 receivable at the end of each period for 8 periods compounded at 12%.

b. £50,000 payments to be made at the end of each period for 16 periods at 9%.

c. £50,000 payable at the end of the 7th, 8th, 9th, and 10th periods at 12%.