21. Jane wins a lawsuit resulting in an annual award of $500 for the next 30 years. The first payment will be made next year. Jane wants to sell this annuity. What is the value of this annuity if the opportunity cost is 4%? A. $8,646.02 B. $6,795.16 22. C. $8,210.93 D. $7,866 E. None of the above I Effective annual rate (EAR) or effective annual yield (EAY) is A. the true cost of borrowing B. does not consider the time value of money. C. always the same as the APR D. always lower than the APR E. None of the above