Question: An annuity is set up that will pay $1,500 per year for nine years. What is the present value (PV) of this annuity given that

An annuity is set up that will pay $1,500 per year

An annuity is set up that will pay $1,500 per year for nine years. What is the present value (PV) of this annuity given that the discount rate is 4%? O A. $11,153 OB. $6,692 OC. $13,384 OD. $15,614

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