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You are comparing two annuities with equal present values. The applicable discount rate is 6.5 percent per year, compounded annually. One annuity will pay $2,000

You are comparing two annuities with equal present values. The applicable discount rate is 6.5 percent per year, compounded annually. One annuity will pay $2,000 per year, starting today, for 20 years. The second annuity will pay an annual amount, starting one year from today, for 20 years. What is the annual payment for the second annuity? Multiple Choice O O $2,130 $2,405 $2,075 $2.225 $2,000

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