(Present value of an annuity due) Determine the present value of an annuity due of $2,000 per year for 25 years discounted back to the present at an annual rate of 6 percent. 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 $ b. If the annual discount rate is 11 percent, the present value of the annuity due is $ (Round to the nearest cent.) (Round to the nearest cent.)