Caindise the presert valee of the foltowing: piaces.) piates.) pletest miaces b-3. Which aghish iesuld you sreler? Caiculate the present value of the following a-1. Arnuai payment of 5600 tor 10 years at 5% interest, (De not round intermediate calculations. Hound your artwer to 2 decimal placec) a.2. Annual payment of 5600 for 15 years at 5% interest, (Do not cound intermediate calcutations. Pound yout answar to 2 decimal places) -3. Which option would you prefer? b-1. Arrnual payment of $800 for 10 years at 20% inserest, (Do not round intermediate calculations. Peound your answer to 2 decimal places.) b-2. Annuail poyment of 5600 for ts years at 20% interest (0o not round intermediate calculationt. Pound your antwer to 2 decimal pletes: b-3. Which option wauld you prester