Thank you for the opportunity to help you with your question!

Given -

Annuity payment = $200

Interest rate = 15%

Number of years = 5

Present value interest factor of annuity = 3.3522 ..................(this value can be found from present value table or using online calculator, use 15% and 5 years as input)

Therefore, present value of annuity = $200 X 3.3522

Present value of annuity = $670.44

Ordinary annuity is one where payments are made at the end of the year.

Please let me know if you need any clarification. I'm always happy to answer your questions.