Exercise 5-14 (Static) Present value; annulties [LO5-B] Assuming a 12 annual interest tate, determine the present value of a five-period annual annuty of $5.000 under edch of the following situstions 1. The payments are recelved ot the end of each of the frve years and inferest is compounded annually? 2. The peyments are receved of the beginning of esch of the tire years and interest a compounced annualy 3. The payments ore recelyed at the end of each of the tive years and interest is compounded custerly. (6) Answer is complete but not entirely correct. Coemplete this question by enteriog your answers in the tabs below. The paymients are received at the end of eoch of the five years and interest is compounded euarterip. Soter: thand pur firal tortwers to nearest whote dolar amount