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Notes: Round up to the nearest whole number (e.g., 5565.517 5566; 4564.4974564) 1. Joe will receive a 10-year annuity of 1000 per year, beginning at

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Notes: Round up to the nearest whole number (e.g., 5565.517 5566; 4564.4974564) 1. Joe will receive a 10-year annuity of 1000 per year, beginning at date 1. If the risk-free interest rate is 20 percent, what is the present value of his annuity (Required) 2. Joe will receive a 30-year annuity of 1000 per year, beginning at date 1. If the risk-free interest rate is 4 percent, what is the present value of his annuity? ](Required)

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