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11. Pauline has an inheritance that promises to pay her 10 year-end amounts of $5,000 starting exactly 3 years and 6 months from today. If

11. Pauline has an inheritance that promises to pay her 10 year-end amounts of $5,000 starting exactly 3 years and 6 months from today. If she earns 4% p.a., how much is the inheritance worth in present-day dollars?

Select one:

a. $35,352.66

b. $36,766.77

c. $33,658.74

d. $34,002.58

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