An annuity is payable annually in advance for a total of 15 years. The first payment is R8,750 and subsequent payments increase by 3.5% per annum compound. The effective annual interest rate is 8.5%. Select the equation of value that cannot be used to calculate the present value of the annuity: (Enter the number from the options given below.) 1-1.0351515 1. 8750 1-1.035v 2. 8750 (375'24.8309% 1-1.03515y15 3. 8750v 1-1.035v 4. 1935 ( 275/C4830990) (Round answer to 2 The total present value at the start of the 15-year period is: R decimal places.)