10 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 $8,000 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.) 10 points 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. Skipped Complete this question by entering your answers in the tabs below. eBook References Required 1 Required 2 Required 3 The first payment received on December 31, 2022, and interest is compounded annually. (Round your final answers to nearest whole dollar amount.) Table or calculator function: Payment: PV - 12/31/2021: Required 1 Required 2 Required 3 The first payment is received on December 31, 2021, and interest is compounded annually. (Round your final answers to nearest whole dollar amount.) Table or calculator function: Payment: n = PV - 12/31/2021: Required 1 Required 2 Required 3 The first payment is received on December 31, 2022, and interest is compounded quarterly. (Round your final answers to nearest whole dollar amount.) Deposit Date i = n = PV - 12/31/2021 12/31/2022 $ Deposit 8,000 8,000 12/31/2023 12/31/2024 8,000 12/31/2025 8,000 12/31/2026 8,000 0 Required 2 Required 3