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Consider an annuity that pays $600 per year for 11 years. - The first payment happens a year later (at time node t=1 ) -

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Consider an annuity that pays $600 per year for 11 years. - The first payment happens a year later (at time node t=1 ) - The last payment happens 11 years later (att=11) - There are a total of 11 payments What is the present value of the annuity today (at=0) with an expected return of 13% per year? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67)

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