Using the appropriate present value table and assuming a 12 annual interest rate, determine the present value on December 31, 2016, of a five period annual annuity of $6,800 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 ) 1 The first payment is received on December 31, 2017, and interest is compounded annually 2 The first payment is received on December 31, 2016, and interest is compounded annually 3 The first payment is received on December 31, 2017, and interest is compounded quarterly

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Question: Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2016, of a five-period annual

Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2016, of a five-period annual annuity of $6,800 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.)

1.	The first payment is received on December 31, 2017, and interest is compounded annually.

2.	The first payment is received on December 31, 2016, and interest is compounded annually.

3.	The first payment is received on December 31, 2017, and interest is compounded quarterly.

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