you are comparing two annuities with equal present values. the applicable discount rate is 6.5 percent. one annuity will pay $2,000 annually, starting today, for 20 years. the second annuity will pay $2,000 annually, starting one year from today, for 20 years. what is the annual payment for the second annuity? a) $2,225 b) $2,075 c) $2,000 d) $2,130 e) $2,405