Question: An annuity is set up that will pay $1500 per year for ten years. What is the present value (PV) of this annuity given that

  1. An annuity is set up that will pay $1500 per year for ten years. What is the present value (PV) of this annuity given that the discount rate is 9%?
    $9626
    $5776
    $13,476
    $11,551

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