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  3. the present value of an ordinary annuity is $38,00

The present value of an ordinary annuity is $38,000 when valued at a discount rate...

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The present value of an ordinary annuity is $38,000 when valued at a discount rate of 5.8%. By how much would the present value change if this were an annuity due? (find the difference in value) Answer Format: Positive number rounded to 2 decimal places. Question 31 3 pts A deposit account offers an annual percentage rate (APR) of 11.4%. If the rate is compounded monthly, what is the effective annual rate (EAR)? Answer Format: Positive percentage rounded to 2 decimal places. 0.12 Question 32 3 pts You just won the lottery. The lottery commission will make 19 annual payments of $16,000 with the first payment being paid to you today. If your cost of capital is 4.4%, what is the present value of your prize money? Answer Format: Positive number rounded to 2 decimal places

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