O $6,809.72 Question 60 (Mandatory) (0.5 points) What is the present value of a $300 annuity payment over 5 years if interest rates are 8 percent?! O $1,197.81 O $1,938.96 0 $440.80 O $204.17 The final payment diminishes. Question 59 (Mandatory) (0.5 points) What is the future value of a $500 annuity payment over eight years if interest rates are 14 percent? O $6,616.38 O $6,241.09 O $6,750.14 O $6,809.72 Question 60 (Mandatory) (0.5 points) What is the present value of a $300 annuity payment over 5 years if interest rates are 8 percent? $1,508.29; decrease Question 58 (Mandatory) (0.5 points) Which of the following will increase the present value of an annuity? The discount rate decreases. The discount rate increases. The number of periods the annuity is received decreases. 0 The final payment diminishes. Question 59 (Mandatory) (0.5 points) $260.78 Question 57 (Mandatory) (0.5 points) A perpetuity pays $250 per year and interest rates are 5.5 percent. How much would its value change if interest increased to 8.5 percent? Did the value increase or decrease? $1,604.27; decrease $1,604.27; increase $1,508.29; increase O $1,508.29; decrease Question 58 (Mandatory) (0.5 points) Which of the following will increase the present value of an annuity