(6 points) Consider a quarterly 31-payment annuity, where each payment is $60. Suppose that the nominal annual discount rate is 8% compounded monthly. Find: a) the present value of the annuity one quarter before the first payment; Answer = $ Click for a hint b) the present value of the annuity one year before the first payment; Answer = $ c) the accumulated value of the annuity at the time of the last payment; and Answer = $ d) the accumulated value of the annuity one year after the last payment. Answer = $ (1 point) Calculate: $110.112 41110.112 =