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X FP Problem 4 (bookmatch) Farah will receive $1,550 each year for 15 years from an ordinary annuity that she recently purchased. If she earns

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X FP Problem 4 (bookmatch) Farah will receive $1,550 each year for 15 years from an ordinary annuity that she recently purchased. If she earns interest at a rate of 6.6 percent compounded annually, what is the present value of the amount that she will receive? The present value of the annuity is $ 14.480.97 (Round to the nearest cent as needed.)

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