Question: ( Related to Checkpoint 6 . 2 ) ( Present value of an ordinary annuity ) What is the present value of $ 2 ,

(Related to Checkpoint 6.2)(Present value of an ordinary annuity) What is the present value of $2,500 per year for 8 years discounted back to the present at 9 percent?
The present value of $2,500 per year for 8 years discounted back to the present at 9 percent is $,(Round to the nearest cent.)
(Related to Checkpoint 6.2)(Present value of an ordinary annuity) What is

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