5. Present value of annuities and annuity payments You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the greatest present value (PV)? Assume that all annuities have the same positive interest rate. An annuity that pays $1,000 at the end of each year An annuity that pays $500 at the end of every six months An annuity that pays $1,000 at the beginning of each year An annuity that pays $500 at the beginning of every six months If the annuity's appropriate interest rate (I) remains at 8.00% during this time, what will be the value of the annual annuity payment (PMT)