Given that the annual effective rate of interest is 4%, find the present value of each of the following annuities: An annuity pays $6 at the beginning of each year for the next seven years and then pays $3 for six years. A perpetuity annuity due that pays $2 each six months. Given that the two annuities have the same present values: A 10-year annuity due paying 3$ each year using an annual effective interest rate of 2%. A perpetuity annuity due paying $2 each year using i. Find the value o f