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a. What is the present value of a 3-year annuity of $120 if the discount rate is 7%?! Do not round intermediate calculations. Round your

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a. What is the present value of a 3-year annuity of $120 if the discount rate is 7%?! Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value$ hat is the present value of the annuity in (a) if you have to wait 2 years instead of 1 year for the first payment? (Round your intermediate and final answers to 2 decimal places.) b. W Present value

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