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Calculate the present value of the following annuitystreams:a. $5,000 received each year for 6 years on thelast day of each year if your investments pay 7 percent compoundedannually.b. $5,000 received each quarter for 6 years on thelast day of each quarter if your investments pay 7 percentcompounded quarterly.c. $5,000 received each year for 6 years on thefirst day of each year if your investments pay 7 percent compoundedannually.d. $5,000 received each quarter for 6 years on thefirst day of each quarter if your investments pay 7 percentcompounded quarterly.  (For all requirements, do not round intermediatecalculations. Round your answers to 2 decimal places. (e.g.,32.16))
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