Determine the present value of an annuity due of 8000 per year for 25years discounted back to the present at an annual rate of 7 percent. What would be the present value of this annuity due if it were discounted at an annual rate of 12percent? Question content area bottom

Part 1 a.If the annual discount rate is 7 percent, the present value of the annuity due is $ enter your response here. (Round to the nearest cent.)

Part 2 b.If the annual discount rate is 12 percent, the present value of the annuity due is $ enter your response here. (Round to the nearest cent.)