Your rich aunt has promised to give you \(\$ 3,000\) a year at the end of each of the next four years to help you pay for college. With a discount rate of \(10 \%\), the present value of the gift can be stated as:

a. \(\quad \mathrm{PV}=\$ 3,000(\mathrm{PV}\) factor, \(i=4 \%, n=10)\)

b. \(\mathrm{PV}=\$ 3,000 \times 10 \% \times 5\)

c. \(\mathrm{PV}=\$ 3,000 \times\) (Annuity \(\mathrm{PV}\) factor, \(i=10 \%, n=4\) )

d. \(\quad \mathrm{PV}=\$ 3,000 \times\) (Annuity \(\mathrm{FV}\) factor, \(i=10 \%, n=4\) )