Solve the problem.In her will the late Mrs Barbaroni said that each child in her family could have an annuity of $2500 at the end of each year for 9 years, or the equivalent present value. If money can be deposited at 7% compounded annually, what is the present value?
A. $16,288.08
B. $19,019.22
C. $25,147.72
D. $12,582.38
Answer: A
Mathematics
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