Complete the following from the textbook:
Determine the present values if $5,000 is received in the future (i.e., at the end of each indicated time period) in each of thefollowing situations:
a.5 percent for ten years
b.7 percent for seven yearsc
c.9 percent for four yearsP9,Assume you are planning to invest $5,000 each year for six years and will earn 10 percent per year. Determine the future value ofthis annuity if your first $5,000 is invested at the end of the first year.
10 Determine the present value now of an investment of $3,000 made one year from now and an additional $3,000 made two years from now if the annual discount rate is 4 percent.I need to show the entire work on this and explain sentences fully