Question: need answer (Present value of an annuity due) Determine the present value of an annuity due of ( $ 4,000 ) per year for 8

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(Present value of an annuity due) Determine the present value of an annuity due of \$ \\$ 4,000 \$ per year for 8 years discounted back to the present at an annual rate of 6 percent. What would be the present value of this annuity due if it were discounted at an annual rate of 11 percent? a. If the annual discount rate is 6 percent the present value of the annuity due is \$ \\$ \$ (Round to the nearest cent)

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