******Module 1 (Time Value of Money) #44. Determine the present value at Year 0 of a 10-year ordinary annuity with annual payments of $200 at Years 1-10, if the appropriate interest rate is 5 percent for Years 1-5 and 10 percent for Years 6-10 (see the timeline below). 10% 5% 5% 5% 5% 5% 10% 10% 10% 10% + + + 0 1 2 3 4 5 6 7 8 9 $200 $200 $200 $200 $200 $200 $200 $200 $200 10 $200 A. $1,263.39 B. $1,385.73 C. $1,459.94 D. $1,296.81 E. $1,334.62