What is the present value of an annual payment of $3,600 discounted back 12 years at an annual rate of return of 5 percent?
A)$12,977.19
B)$31,907.71
C)$45,360.00
D)$57,301.66

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The Answer of What is the present value of an annual payment of $3,600 discounted back 12 years at an annual rate of return of 5 percent?
A)$12,977.19
B)$31,907.71
C)$45,360.00
D)$57,301.66

What Is the Present Value of an Annual Payment of $3,600