Question: Please help me with this question: a. What is the present value of a 3-year annuity of $230 if the discount rate is 5%? (Do

Please help me with this question:

Please help me with this question: a. What is the
a. What is the present value of a 3-year annuity of $230 if the discount rate is 5%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value 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 round intermediate calculations. Round your final answer to 2 decimal places.) Present value

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