An annuity due is one in which payments or receipts occur at the beginning of each period. Question 22 (4 points) Guaranty Bank has granted Melissa a twenty-year loan for $265,000. If Melissa's twenty annual end-of-the-year payments are $27,900, what is the rate of interest Guaranty Bank is charging? 7.24% 8.45% 5.66% 10.57% Question 23 (4 points) LG Corporation is considering issuing additional long-term debt to finance an investment opportunity. Currently, LG has $500 million in 10% debt outstanding. Its after-tax net income is $90 million and the company is in 40 percent tax bracket LG