PROBLEM B$.3$ Using Present Value Tables LOB$-1,$ LOB$-2,$ LOB$-5$ Use Table PV$-1($in Exhibit B$-7)$ and Table PV$-2($in Exhibit B$-9)$ to determine the present values of the following cash flows: a$.\backslash (\backslash$$ $40,000\backslash )$ to be paid annually for $10$ years, discounted at an annual rate of $6$ percent. Payments are to occur at the end of each year. b$.\backslash (\backslash$$ $12,000\backslash )$ to be received today, assuming that the money will be invested for two years at $8$ percent annually. c$.\backslash (\backslash$$ $500\backslash )$ to be paid monthly for $36$ months, with an additional "balloon payment" of $\backslash (\backslash$$ $18,000\backslash )$ due at the end of the $36$th month, discounted at a monthly interest rate of $1\mathrm{.}5$ percent. The first payment is to be one month from today. d$.\backslash (\backslash$$ $30,000\backslash )$ to be received annually for the first three years, followed by $\backslash (\backslash$$ $20,000\backslash )$ to be received annually for the next two years $($total of five years in which collections are received$),$ discounted at an annual rate of $8$ percent. Assume collections occur at year$-$end.