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Suppose you just bought an annuity with 10 annual payments of $16,800 at the current...

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Suppose you just bought an annuity with 10 annual payments of $16,800 at the current interest rate of 14.5 percent per year. a. What is the value of the investment at the current interest rate of 14.5 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What happens to the value of your investment if interest rates suddenly drop to 9.5 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What happens to the value of your investment if interest rates suddenly rise to 19.5 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value at 14.50 percent . Present value at 9.50 percent Present value at 19.50 percent

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