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Compute the present value of an ordinary annuity that pays $9,000 per year for 15 years at 12% Present value of ordinary annuity of $1:

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Compute the present value of an ordinary annuity that pays $9,000 per year for 15 years at 12% Present value of ordinary annuity of $1: 7% 8% 9% 10% 12% 11 7.499 7.139 6.805 6.495 5.938 7,943 12 7.536 7.161 6.814 6.194 7.904 13 8.358 7,487 7.103 6.424 14 8.745 8.244 7.367 6.628 7.786 15 9.108 8.559 8.061 7.606 6.811 A. $60,219 O B. $61,899 C. $62,379 D. $61,299

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