An annuity is set up that will pay $1 500 per year for ten years. What is the present value (PV)of this annuity given that the discount rate is 6%?
A)$11 040
B)$8 441
C)$19 771
D)$14 721

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The Answer of An annuity is set up that will pay $1 500 per year for ten years. What is the present value (PV)of this annuity given that the discount rate is 6%?
A)$11 040
B)$8 441
C)$19 771
D)$14 721

An Annuity Is Set Up That Will Pay $1 500