You arc comparing two annuities with equal present values and the applicable discount rate is 12 percent. The first annuity pays $5,000 on the last day of each year for 20 years. How much must the second annuity pay at the beginning of each year for the next 10 years? a. $7, 403 b. $5, 902 $5, 600 $5,000 e. None of the above. Faith invests $2,000 in an account that pays 4 percent simple interest. How much money will she have at the end of eight years