Q34 Annuities 1. How much should you pay for an annuity of 8000 per year, payable in arrears for 14 years, assuming the interest rate is 8.5% pa? The cost of the annuity = to the nearest . 2. How much should you pay for an annuity of 8000 paid in 10 equal payments of 8000/10, payable in arrears for 14 years, assuming the interest rate is 8.5% pa? The cost of the annuity = to the nearest . the absolute tolerance is +/-1 Click if you would like to Show Work for this question: Open Show Work SHOW HINT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. SUBMIT ANSWER Question Attempts: 0 of 4 used SAVE FOR LATER Earn Maximum Points available only if you % answer this question correctly in three attempts or less