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What is the PV of an ordinary annuity with 8 payments of $6,250 if the appropriate interest rate is 5.5%? $4,072.49 $6,222.57 $39,591.04 $6,277.55 $60,759.83

What is the PV of an ordinary annuity with 8 payments of $6,250 if the appropriate interest rate is 5.5%?

$4,072.49

$6,222.57

$39,591.04

$6,277.55

$60,759.83

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