Question: I got the first half this answer correct, with the answer being 427.68. At first I got 554.42 for the second half but it was

I got the first half this answer correct, with the answer being 427.68. At first I got 554.42 for the second half but it was incorrect. Trying to figure out what I did wrong.

a. What is the present value of a 3-year annuity of $160 if the discount rate is 6%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value I I DDIHIS b. What is the present value of the annuity in {a} if you have to wait an additional year for the first payment? [Do not found intel'mediate calculations. Round your nal answer to 2 decimal places.) Present value

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