Consider an annuity that pays $700 per year for 11 years, with the first payment starting a year later (t=1 ). What is its present value today at an expected return of 8% per year? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67). Question 6 5 pts Consider a lump sum of $9,000 to be received 10 years from now (t=10). What is its present value today at an expected return of 7% per year? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67)