Question 3 (of 4) 3. value: 1.00 points a. What is the present value of a 3-year annuity of $100 if the discount rate is 6%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value b. What is the present value of the annuity in (a) if you have to wait an additional year for the first payment? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value Question 4 (of 4) 4. value: 1.00 points Calculate the present value of the following: a-1. Annual payment of $1,000 for 10 years at 5% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value $ a-2. Annual payment of $800 for 15 years at 5% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value a-3. Which option would you prefer? $1.000 a year for 10 years $800 a year for 15 years b-1. Annual payment of $1,000 for 10 years at 20% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value b-2. Annual payment of $800 for 15 years at 20% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value b-3. Which option would you prefer? $1,000 a year for 10 years $800 a year for 15 years