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What is the PV of an ordinary annuity with 10 payments of $15,600 if the appropriate interest rate is 4.5%? 1. $61,385.04 2. $91,689.05 3.

What is the PV of an ordinary annuity with 10 payments of $15,600 if the appropriate interest rate is 4.5%?

1.

$61,385.04
2.

$91,689.05
3.

$68,483.64
4.

$77,702.59
5.

$123,438.40

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