Two annuities have the same present value. The first annuity is a decreasing annual annuity. The first payment is 720, due one year from today. Subsequent annual payments decrease by 60 per year. The interest rate is 5% compounded annually. The second annuity provides payments of K per month for 12 years. The first payment is due one month from today. The interest rate is 5% compounded annually. What is K? [4.h-i #48] O At least 34, but less than 36 O At least 32, but less than 34 O At least 38, but less than 40 At least 30, but less than 32 O At least 36, but less than 38