The present value of an annuity of $5,000 to be received at the end of each of the next six months for 6 years at a 4% annual rate would be:
A)$26,210
B)$52,875
C)$3,950
D)none of the above

Question

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The Answer of The present value of an annuity of $5,000 to be received at the end of each of the next six months for 6 years at a 4% annual rate would be:
A)$26,210
B)$52,875
C)$3,950
D)none of the above

The Present Value of an Annuity of $5,000 to Be