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Based on the following table, what is the present value of an annuity which pays $7900 a year for 8 years, at a discount rate

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Based on the following table, what is the present value of an annuity which pays $7900 a year for 8 years, at a discount rate of 4%? (Two decimal places.) Period 1% 2% 3% 4% 1 0.990099 0.980392 0.970874 0.961538 2 1.970395 1.941561 1.913470 1.886095 3 2.940985 2.883883 2.828611 2.775091 4 3.901966 3.807729 3.717098 3.629895 5 4.853431 4.713460 4.579707 4.451822 6 5.795476 5.601431 5.417191 5.242137 7 6.728195 6.471991 6.230283 6.002055 8 7.651678 7.325481 7.019692 6.732745 9 8.566018 8.162237 7.786109 7.435332 10 9.471305 8.982585 8.530203 8.110896

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