Calculate the present value of the following: a-1. Annual payment of $900 for 12 years at 3% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. a-2. Annual payment of $700 for 17 years at 3% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. a-3. Which option would you prefer? b-1. Annual payment of $900 for 12 years at 12% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b-2. Annual payment of $700 for 17 years at 12% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b-3. Which option would you prefer? Answer is complete but not entirely correct. a-1. Present value a-2. Present value a-3. Which option would you prefer? b-1. Present value b-2. Present value b-3. Which option would you prefer? $ 9,659.98 9,821.30 X $700 a year for 17 years $ 5,831.61 X 5,129.39 X $700 a year for 17 years

Calculate the present value of the following: a-1. Annual payment of $900 for 12 years at 3% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. a-2. Annual payment of $700 for 17 years at 3% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. a-3. Which option would you prefer? b-1. Annual payment of $900 for 12 years at 12% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b-2. Annual payment of $700 for 17 years at 12% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b-3. Which option would you prefer