Question: (Related to Checkpoint 6.2) (Present value of an ordinary annuity) What is the present value of $2,000 per year for 10 years discounted back to

(Related to Checkpoint 6.2) (Present value of an ordinary annuity) What

(Related to Checkpoint 6.2) (Present value of an ordinary annuity) What is the present value of $2,000 per year for 10 years discounted back to the present at 10 percent? The present value of $2,000 per year for 10 years discounted back to the present at 10 percent is $31874.85. (Round to the nearest cent.)

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