Question: (Present value of an annuity due) Determine the present value of an annuity-due of $3,000 per yoar for 8 years discounted back to the present

(Present value of an annuity due) Determine the present value of an annuity-due of $3,000 per yoar for 8 years discounted back to the present at an annual rate of 7 percent. What would be the presont value of this arsuity due if it were discounted at an annual rato of 12 percent? a. If the ammual discount rate is 7 percent, the presont value of the annully due is $ (Round to the noarest cont.) b. If the annuat discount rote is 12 porcont, the presont value of the annuity due is 1 . (Round to the nearest cont.)

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