Consider an annuity with 12 annual payments. The first payment is $1,200 and each subsequent payment increase 2.1%. Use an annual effective rate of interest of 7.1% to value the annuity. (Answers to the nearest cent) The present value 1 year before the first payment. The answer to the nearest dollar is $10,478. Find the answer to the nearest cent. Number The present value at the time of the first payment. Number The accumulated value at the time of the last payment. Number The accumulated value 1 year after the last payment. Number