Determine the present value of an annuity due of $ 6 comma $6,000 per year for 25 years discounted back to the present at an annual rate of 8

percent. What would be the present value of this annuity due if it were discounted at an annual rate of 13 percent?

a.If the annual discount rate is 8 percent, the present value of the annuity due is ?

. (Round to the nearestcent.)

b.If the annual discount rate is 13 percent, the present value of the annuity due is ?