Question: Question 16 10 pts Find the value (today, time zero) of an annuity that makes equal annual payments of $1,000 each year with its first

Question 16 10 pts Find the value (today, time zero) of an annuity that makes equal annual payments of $1,000 each year with its first payment at the end of year 7 and its last payment at the end of year 15. The interest rate is 8.3%. Answer Format: ENTER YOUR ANSWER AS A POSITIVE NUMBER INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" or any other formatting. Carry computation to at least 4 decimals and round your final answer to 2 decimal places. ######.##

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