Your Wealthy Neighbor Has Promised to Give You $2,000 a Year

Your wealthy neighbor has promised to give you $2,000 a year at the end of each of the next four years to help with college.Using a discount rate of 8%,the present value of the gift can be stated as

A) PV = $2,000 (PV factor,i = 4%,n = 4) .
B) PV = $2,000 × 8% × 5.
C) PV = $2,000 (Annuity FV factor,i = 8%,n = 4) .
D) PV = $2,000 (Annuity PV factor,i = 8%,n = 4) .