What is the present value of an annual payment of $1,500 discounted back 15 years at an annual rate of return of 3%?
A)$10,663.87
B)$12,334.56
C)$13,449.87
D)$17,906.90

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The Answer of What is the present value of an annual payment of $1,500 discounted back 15 years at an annual rate of return of 3%?
A)$10,663.87
B)$12,334.56
C)$13,449.87
D)$17,906.90

What Is the Present Value of an Annual Payment of $1,500