A salesman from a financial institution, contacts your Grandmother. He wants to sell your Grandmother an annuity which will pay her: 13,473 once year for 10 year starting 1 year from today Current interest rates are 5% What is the present value of this investment? Round to the nearest cent (2 decimal places). Click to open: Click to open:

A salesman from a financial institution, contacts your Grandmother. He wants to sell your Grandmother an annuity which will pay her: - 13,473 once year - for 10 year - starting 1 year from today Current interest rates are 5% What is the present value of this investment? Round to the nearest cent (2 decimal places). Click to open: Click to open