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Show all work, use financial calc or formulas not excel A 30-year annuity will pay $15,000 per year, beginning a year from today (i.e, t=1).

Show all work, use financial calc or formulas not excel

A 30-year annuity will pay $15,000 per year, beginning a year from today (i.e, t=1). If the interest rate is 4% per year and is compounded annually for the first 16 years and 6% per year, compounded annually, for the subsequent 14 years, what is the present value of the annuity at t = 0?

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