What is the present value of a 3-year annuity of 100 if the


A) What is the present value of a 3-year annuity of $100 if the discount rate is 6%? (Do not round intermediate calculations. Round your answer to two decimal places.)

B) What is the present value of the annunity in the answer to problem A if you have to wait an additional year for the first payment? (Do not round intermediate calculations. Round your answer to two decimal places.)

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Financial Management: What is the present value of a 3-year annuity of 100 if the
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