Question: Problem 5-26 Annuity Values (LO3) 10 a. What is the present value of a 3-year annuity of $180 if the discount rate is 7%? (Do

Problem 5-26 Annuity Values (LO3) 10 a. What is the present

Problem 5-26 Annuity Values (LO3) 10 a. What is the present value of a 3-year annuity of $180 if the discount rate is 7%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) points * Answer is complete but not entirely correct. Present value $ 146.93 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.) Answer is complete but not entirely correct. Present value $ 137.32

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