An investment, which is worth 31,000 dollars and has an expected return of 9.51 percent, is expected to pay fixed annual cash flows for a given amount of time. The first annual cash flow is expected in 1 year from today and the last annual cash flow is expected in 8 years from today. What is the present value of the annual cash flow that is expected in 5 years from today? Number An investment, which is worth 173,294 dollars and has an expected return of 11.8 percent, is expected to pay fixed annual cash flows for a given amount of time. The first annual cash flow is expected later today and the last annual cash flow is expected in 7 years from today. What is the present value of the annual cash flow that is expected in 5 years from today? Number Jenny is buying a town house priced at $275,000. Mortgage A calls for her to make equal monthly payments for 15 years at a monthly interest rate of 0.80% with her first payment due in 1 month. However, her loan officer has offered her a new opportunity involving equal monthly payments for 20 years at a monthly interest rate of 0.75% with her first payment due later today. By how much would switching from mortgage A to the new opportunity reduce the amount of Jenny's monthly loan payment? Number