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 $5,000 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.)

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

I got incorrect answers:

Using the PV of $1 chart, calculate the present value:

Deposit Date i= n= Deposit PV_ 12/31/2016

12/31/2017 12% ? 1 ? 5000 4464 ?

12/31/2018 12%? 2? 5000 3986 ?

12/31/2019 12%? 3? 5000 3559 ?

12/31/2020 12%? 4? 5000 3178 ?

12/31/2021 12%? 5? 5000 2837 ? $ 18,024 ?

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