(Present value of an annuity) Determine the present value of an ordinary annuity of $1,500 per year for 18 years, assuming it earns 8 percent. Assume that the first cash flow from the annuity comes at the end of year 10 and the final payment at the end of year 27. That is, no payments are made on the annuity at the end of years 1 through 9. Instead, annual payments are made at the end of years 10 through 27. The present value of the annuity at the end of year 9 is $ 14057.83. (Round to the nearest cent.) The present value of the annuity today is $ (Round to the nearest cent.)