Question

Calculate the present value of the following annuity streams:

a. $4,000 received each year for 4 years on the last day of each year if your investments pay 6 percent compounded annually.
b. $4,000 received each quarter for 4 years on the last day of each quarter if your investments pay 6 percent compounded quarterly.
c. $4,000 received each year for 4 years on the first day of each year if your investments pay 6 percent compounded annually.
d. $4,000 received each quarter for 4 years on the first day of each quarter if your investments pay 6 percent compounded quarterly.
  
(For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))

	a. Present value    b. Present value c. Present value d. Present value

Answer 1

a)

b)

c)

d)