What is the present value of an annuity PVA that has ANNUAL payments of $5,000 for 15 years if the annual interest rate is 8% ? Reference the below formulas to answer your question: PV=FV/(1+r)tPVA=PMT(1((1+r)t)/r)FVA=PMT(((1+r)t)1)/r)FV=PV(1+r)tPVA=PMT(1(1+(r/12))t(12))/(r/12)FVA=PMT(((1+(r/12))t(12))1)/(r/12)