Problem 5-21 Annuities (LO3) Calculate the present value of the following: a-1. Annual payment of $925 for 11 years at 4% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) a-2. Annual payment of $725 for 16 years at 4% interest (Do not round intermediate calculations. Round your answer to 2 decimat places.) a-3. Which option would you prefer? b-1. Annual payment of $925 for 11 years at 16% interest. (Do not round intermediate calculations. Pound your answer to 2 decimat places.) b-2. Annuai poyment of $725 for 16 years at 16% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) b-3. Which option would you prefer