What is the present value of an annuity that has ANNUAL payments of $6,000 for 20 years, and current interest rates are 7%. Reference the below formulas when solving the problem above: PV FV/(1+r)^t FVA PMT(((1+r)^t) -1)/r = (r/12)^t(12))-1)/(r/12) PVA PMT(((1-(1+r)^-t)/r)) = t(12)))/(r/12) FV = PV(1+r)^t FVA = PMT((1+ = PVA PMT((1-(1+(r/12))^- Edit View Insert Format Tools Table 12pt v Paragraph