Question: Question 7 (6.66 points) Compute the present value of an annuity of $ 664 per year for 19 years, given a discount rate of 7

Question 7 (6.66 points) Compute the present value of an annuity

Question 7 (6.66 points) Compute the present value of an annuity of $ 664 per year for 19 years, given a discount rate of 7 percent per annum. Assume that the first cash flow will occur one year from today (that is, at t = 1). (Round your answer to 2 decimal places, record your answer without commas and without a dollar sign). Your

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