19. What is the value today of receiving $1,940.00 per year forever? Assume the first payment will be made exactly 5 years from today and the discount rate is 12.00% a. $8,685,41 b. $9,744.61 c. $10,274.21 d. $11,535.41 e. $13,423.71 20. Derek borrows $318,449.00 to buy a house. He has a 30-year mortgage with a rate of 6.70%. Assuming he makes all the required payments on time, what is the remaining balance on Derek's loan immediately after he makes the 99th payment? a. $269,665.60 b. $276,149.51 c. $281,983.11 d. $289,563.23 e. $297,424.72