Exercise 6-8 Present value; annultles [LO6-7) Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31 2018. of a five period annual annuity of $4,400 under each of the following situations: (FV of $1,PV of $1. PVA of S1, PVA of S1 PVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. The first payment is received on December 31, 2019, and Interest is compounded annually. 2.The first payment is received on December 31, 2018, and Interest is compounded annually. 3.The first payment is received on December 31, 2019, and interest is compounded quarterly Hunt Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The first payment is received on December 31, 2019, and interest is compounded annually. (Round your final answers to nearest whole dollar amount.) References Table or calculator function: Payment: PV - 12/31/2018