Question: Show your work for how to get the highlighted answer, DO NOT use Excel. If an annuity will pay you $1500 at the end of

Show your work for how to get the highlighted answer, DO

Show your work for how to get the highlighted answer, DO NOT use Excel.

If an annuity will pay you $1500 at the end of each year for the next 15 years. What is the PV of this annuity today, if interest rates are 3% per year? $15,962.79$19,762.79$14,242.92$17,906.90$13,609.71

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