Question: Question 3What is the present value (rounded to the nearest dollar) of a 15-year annuity of $8,760 at the end of each year with the

Question 3What is the present value (rounded to the nearest dollar) of a 15-year annuity of $8,760 at the end of each year with the first payment to be received three years from now? Assume that the appropriate discount rate on similar annuities with comparable level of risk is 8%.

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