Use the present value tables in Appendix A and Appendix B to compute the NPV of each of the following cash inflows.
a. $89,000 received at the end of six years. The discount rate is 4 percent.
b. $3,400 received annually at the end of each of the next 15 years. The discount rate is 9 percent.
c. A 10-year annuity of $5,000 per annum. The first $5,000 payment is due immediately. The discount rate is 6 percent.
d. $20,000 received annually at the end of years 1 through 5 followed by $13,000 received annually at the end of years 6 through
10. The discount rate is 15 percent.