14 Suppose you just bought an annuity with 25 annual payments of $7.900 per year at the current interest rate of 12 percent per year. 9 What is the value of your annuity today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What happens to the value of your investment if interest rates suddenly drop to 7 a. eBook b. percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What if interest rates suddenly rise to 17 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Annual deposit at 12 percent b. Annual deposit at 7 percent c. Annual deposit at 17 percent