An annuity is set up that will pay S1500 per year for ten years. What is the present value (PV) of this annuity given that the discount rate is 6%? 1. Suppose you borrow $2,000 at 5% and you are going to make annual payments of $734.42. How long before you pay off the loan? 2. 3. An investment will provide you with $100 at the end of each year for the next 10 years. (a) What is the present value of that annuity if the discount rate is 8% annually? (b) What is the present value of the above if the payments are received at the beginning of each year