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Calculate the present value of the given annuity streams

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Question: Calculate the present value of the following annuity streams:

a. $5,000 received each year for 5 years on the last day of each year if your investments pay 6 percent compounded annually.

b. $5,000 received each quarter for 5 years on the last day of each quarter if your investments pay 6 percent compounded quarterly.

c. $5,000 received each year for 5 years on the first day of each year if your investments pay 6 percent compounded annually.

d. $5,000 received each quarter for 5 years on the first day of each quarter if your investments pay 6 percent compounded quarterly.

Reference no: EM131632171

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