Please answer all question. If you can't answer all question then don't answer just one question. I need all and I'm having test. 12. You have started an investment club with your friend. You identified an account which you think will pay 8% per year. You are going to invest $1200 per year. Your friend is going to invest $100 per month. You plan to invest for 4 years. All else equal, which of the following is true. 13. Annuity A has a present value of $100,000 and makes 20 payments. Annuity B has a present value of $100,000 and makes 18 payments. All else equal, which one has the higher payment? 14. If annuity A has 30 payments of $500 at an interest rate of 10% and annuity B has 30 payments of $500 at an interest rate of 9%, which one has the higher present value? 18. Investment A offers a 5 annual payments of $77,000 with the first payment made today. Investment B offers 5 annual payments of $77,000 with the first payment to be made in 1 year. Which investment is worth more?