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Show your work for how to get the highlighted answer, DO NOT use Excel. If an annuity will pay you $1500 at the end of

Show your work for how to get the highlighted answer, DO NOT use Excel.

If an annuity will pay you $1500 at the end of each year for the next 15 years. What is the PV of this annuity today, if interest rates are 3% per year? $15,962.79$19,762.79$14,242.92$17,906.90$13,609.71

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