Question: Problem 2-26 Annuities The annually compounded discount rate is 10.0%. You are asked to calculate the present value of a 20-year annuity with payments of

Problem 2-26 Annuities The annually compounded discount rate is 10.0%. You

Problem 2-26 Annuities The annually compounded discount rate is 10.0%. You are asked to calculate the present value of a 20-year annuity with payments of $51,100 per year. a. Calculate the PV if the annuity payments arrive at one-year intervals. The first payment arrives one year from now. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value b. Calculate the PV if the first payment arrives in six months. Following payments arrive at one-year intervals (i.e., at 18 months, 30 months, etc.). (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value

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