Question: no excel answers please, please show steps! 2. You will receive a 15-year annuity of $1,250 every month for the next 15 years (the first

no excel answers please, please show steps!

2. You will receive a 15-year annuity of $1,250 every month for the next 15 years (the first payment is one month from today, one hundred and eighty payments in total) as well as a $12,000 lump sum to be received 15 years from today. What is the present value of these cash flows you will receive in the future if the appropriate discount rate is 6% APR

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