b-1. Annual payment of $925 for 11 years at 16% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value b-2 Annual payment of $725 for 16 years at 16% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value b-3. Which option would you prefer? O$925 a year for 11 years $725 a year for 16 years