What is the present value of an ordinary annuity of 2,200 per year for 15 years discounted back to the present at 16 percent?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
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What is the present value of an ordinary annuity of 2,200 per year for 15 years discounted back to the present at 16 percent?

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