Problem 5-9 Present Value of a Perpetuity (LG5-5) What's the present value, when interest rates are 7.5 percent, of a $140 payment made every year forever? (Round your answer to 2 decimal places.) Present value int Problem 5-11 Present Value of an Annuity Due (LG5-6) If the present value of an ordinary, 7-year annuity is $7,100 and interest rates are 8.5 percent, what's the present value of the same annuity due? (Round your answer to 2 decimal places.) Present value A loan is offered with monthly payments and a 8.00 percent APR. What's the loan's effective annual rate (EAR)? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Effective annual rate %