Quiz: Unit 5 Lab Quiz Question 20 of 20 This question: 2 point(s) possible Submit quiz...

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Quiz: Unit 5 Lab Quiz Question 20 of 20 This question: 2 point(s) possible Submit quiz (Present value of an annuity due) Determine the present value of an annuity due of $1,000 per year for 8 years discounted back to the present at an annual rate of 14 percent. What would be the present value of this annuity due if it were discounted at an annual rate of 19 percent? a. If the annual discount rate is 14 percent, the present value of the annuity due is $ (Round to the nearest cent.) b. If the annual discount rate is 19 percent, the present value of the annuity due is $ (Round to the nearest cent.) ***** Quiz: Unit 5 Lab Quiz Question 20 of 20 This question: 2 point(s) possible Submit quiz (Present value of an annuity due) Determine the present value of an annuity due of $1,000 per year for 8 years discounted back to the present at an annual rate of 14 percent. What would be the present value of this annuity due if it were discounted at an annual rate of 19 percent? a. If the annual discount rate is 14 percent, the present value of the annuity due is $ (Round to the nearest cent.) b. If the annual discount rate is 19 percent, the present value of the annuity due is $ (Round to the nearest cent.) *****