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Suppose you are going to receive $13,900 per year for six years. The appropriate interest rate is 8.8 percent. a-1. What is the present value

Suppose you are going to receive

$13,900

per year for six years. The appropriate interest rate is 8.8 percent.\ a-1. What is the "present value of the payments if they are in the form of an ordinary annuity? (Do not round intermediate calculations and round your answer to 2

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Suppose you are going to receive $13,900 per year for six years. The appropriate interest rate is 8.8 percent. a-1. What is the present value of the payments if they are in the form of an ordinary annuity? (Do not round intermediate calculations and round your answer to 2

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