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Compute the present value of an ordinary annuity that pays $7,000 per year for 15 years at 7%. Present value of ordinary annuity of $1:

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Compute the present value of an ordinary annuity that pays $7,000 per year for 15 years at 7%. Present value of ordinary annuity of $1: 7% 8% 9% 10% 11 7.499 7.139 6.805 6.495 127.943 7.536 7.161 6.814 13 8.358 7.904 7.487 7.103 8.745 8.244 7.786 7.367 15 9.108 8.559 8.061 7.606 12% 5.938 6.194 6.424 6.628 6.811 O A. $64,246 O B. $63,756 OC. $63,266 O D. $64,223

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