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This Question: 1 pt 6 of 25 (3 complete) This Test: 25 pts possib An annuity is set up that will pay $1,600 per year

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This Question: 1 pt 6 of 25 (3 complete) This Test: 25 pts possib An annuity is set up that will pay $1,600 per year for nine years. What is the present value (PV) of this annuity given that the discount rate is 8%? O A. $5,997 OB. $13,993 O C. $11,994 OD. $9,995

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