Question: An annuity is set up that will pay $ 1 comma 5 0 0 $ 1 , 5 0 0 per year for ninenine years.

An annuity is set up that will pay
$ 1 comma 500$1,500
per year for
ninenine
years. What is the present value(PV) of this annuity given that the discount rate is
77%?
Question content area bottom
Part 1
A.$ 11 comma 728
$ 11 comma 728$11,728
B.$ 13 comma 682
$ 13 comma 682$13,682
C.$ 5 comma 864
$ 5 comma 864$5,864
D.$ 9 comma 773
$ 9 comma 773

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