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1a.What is the present value of a 3 year annuity of $150 if the dsicount rate is 7%? (Do not round intermediate calculations. Round your

1a.What is the present value of a 3 year annuity of $150 if the dsicount rate is 7%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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 answer to 2 decimal places.)

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