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Suppose you just bought an annuity with 9 annual payments of $ 1 5 , 3 0 0 at the current interest rate of 1

Suppose you just bought an annuity with 9 annual payments of $15,300 at the current interest rate of 10.75 percent per year.
What is the value of the investment at the current interest rate of 10.75 percent? (Do not round intermediate calculations and round
your answer to 2 decimal places, e.g.,32.16.)
Value of investment
$
What happens to the value of your investment if interest rates suddenly drop to 5.75 percent? (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g.,32.16.)
Value of investment
$
What happens to the value of your investment if interest rates suddenly rise to 15.75 percent? (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g.,32.16.)
Value of investment
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