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1 points eBook Print References Suppose you just bought an annuity with 9 annual payments of $16,300 at the current interest rate of 13.25 percent per year. a. What is the value of the investment at the current interest rate of 13.25 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What happens to the value of your investment if interest rates suddenly drop to 8.25 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What happens to the value of your investment if interest rates suddenly rise to 18.25 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) 3 Present value at 13.25 percent Present value at 8.25 percent