(Present value of an annuity) What is the present value of a(n) 20-year annuity that pays $2,000 annually, given a discount rate of 7 percent? The present value of the annuity is $. (Round to the nearest cent.) (Related to Checkpoint 6.1) (Future value of an annuity) Imagine that Homer Simpson actually invested the $150,000 he earned providing Mr. Burns entertainment 8 years ago at 11.5 percent annual interest and that he starts investing an additional $1,700 a year today and at the beginning of each year for 5 years at the same 11.5 percent annual rate. How much money will Homer have 5 years from today? The amount of money Homer will have 5 years from now is $ (Round to the nearest cent.)