Calculate the present value of the following annuity streams: a. $4,000 received each year for...
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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
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