$16$

If the interest rate is $5\%$ compounded annually, what is the value of the following three investments?

a$.$ An investment that offers you $$110$ a year in perpetuity with the payment at the end of each year. Note: Round your answer to $2$ decimal places.

b$.$ A similar investment with the payment at the beginning of each year.

$1$ Note: Do not round intermediate calculations. Round your answer to $2$ decimal places. points

c$.$ A similar investment with the payment spread evenly over each year. Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

$\backslash$table$[[$eBook$],[$Print$],[$References$]]$

$\backslash$table$[[$a$.$ Present value,$],[$b$.$ Present value,$],[$c$.$ Present value,$]]$