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The present value of an ordinary annuity of $2,500 each year for 10 years, deposited at 15 percent per annum, is $50,759. $25,000. $28,750. $12,547.

The present value of an ordinary annuity of $2,500 each year for 10 years, deposited at 15 percent per annum, is

  1. $50,759.

  2. $25,000.

  3. $28,750.

  4. $12,547.

  5. $17,210.

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