woman who is ready to retire from teaching. He talks to her about several annuities that she could buy that would guarantee her a fixed annual income. The annuities are as follows:

than investing in the savings account earning $11$ percent?

a$.$ If Nicki could earn $11$ percent on her money, what is the present value of annuity A with $$7,500$ payments per year and $18$ years duration?

$ $($Round to the nearest cent.$)$