Present value of an Annuity what is the present value of a $900 annuity payment over 7 years if interest rates are 9 percent? Effective annual rate A loan is offered with monthly payments and a 7.5 percent APR. What?s the loan?s effective annual rate (EAR)? What?s the present value of a $ 950 annuity payment over six years if interest rates are 10 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places