What is the present value of annuity of $950 per year for 18 years (with the first

Question:

What is the present value of of $950 per year for 18 years (with the first payment to be made today and the last payment to be made 17 years from today) give an interest rate of 7.5% per Anum?

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...