Question: 10 points Save Ans Question 2 John wants to determine the current value of his 12-year annuity. The annuity pays John $600 per month for

10 points Save Ans Question 2 John wants to determine the current value of his 12-year annuity. The annuity pays John $600 per month for the first 5 years at a nominal rate of 8% compounded monthly. For the last 7 years, the annuity pays John $800 per month at a nominal rate of 10% compounded monthly. What is the current value of the annuity? 10 points Save Answ Question 3 Find the present value of a 7-year ordinary annuity that pays an income stream of $500 per month. The annuity has an interest rate of 5% compounded monthly for the first 3 years and 7% compounded monthly for the last 4 years. Round answer to nearest dollar

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5. What is their income level? (wealthy, upper, middle, low, poverty)

3. How old are they? (children, teens, adults, seniors)

4. Where do they live? (city or town, state, country)