Question: An annuity is set up that will pay $ 1 , 5 0 0 per year for ten years. What is the present value (

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 8%?
A. $10,065
B. $12,078
C. $6,039
D. $14,091
An annuity is set up that will pay $1,500 per year

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