What is the present value of an annuity of $25 to be received each month for 15 years if the discount rate is 6% APR? Remember: assume that payments occur at the end of each period (ordinary annuity) unless told otherwise, and compounding occurs with the same frequency as payments. $2,251.84 $2,561.87 $2,962.59 $3,489.52 $3,880.17