Question 45 Mike has an annuity due that pays $710 per year for 13 years. What is the present value of the cash flows if they are discounted at an annual rate of 7.10%? $4,931.10 $6,161.78 $6,319.37 $7,071.98 DI Question 46 Average U.S. wages in 1999 were $31,315, far larger than the average wage in 1939 of $2,007. What was the average annual increase in wages over this 60-year period? 4.11% 335% o 4.69% 4.15%