Your Grandmother Has Promised to Give You $2,000 at the End

Your grandmother has promised to give you $2,000 at the end of each of the next four years if you earn Cs or better in all of your courses each year. Using a discount rate of 8% and the table below, what is the present value of the gift?

A) $5,612
B) $5,900
C) $6,109
D) $6,624