Question: I need this solved please. In the format given please. Edna i!- considering the purchase of an annuity that will provide her with payments of

I need this solved please. In the format given please.

Edna i!- considering the purchase of an annuity that will provide her with payments of $1,329.56 at the beginning of each month for 15 years. Assuming the annual interest rate is 3.9% l a. What is the present value of the annuity? l b. The price of the annuity changes to 3160.000 due to a shift in interest rates. What is the new annual interest rate ifthe payment remains $1,329.56 at the beginning of each period? Relevant Information Annual Interest Rate Periods Per Year Number of Years Needed Information Present Value Future Value Payment Rate Number of Periods KUCDNUlm-B-UN-IO_" BUI-lhuim-lo

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