An ordinary annuity is defined as a steaming of fixed payments available at equal intervals. If n is the number of the payments each of $p, and r the interest rate, the present value of an ordinary annuity is given as PVA =p/(1+r) + p/(1+r)^2 + p/(1+r)^3 + ..... +p/(1+r)^n What is the present value of an ordinary annuity of $30,000 at 6%? (5 points) An ordinary annuity is defined as a steaming of fixed payments available at equal intervals. If n is the number of the payments each of $p, and r the interest rate, the present value of an ordinary annuity is given as PVA =p/(1+r) + p/(1+r)^2 + p/(1+r)^3 + ..... +p/(1+r)^n What is the present value of an ordinary annuity of $30,000 at 6%? (5 points)