22...JenniferDavisjust learned that she received an inheritance from her grandmother. The inheritance provides forJenniferto receive $4500per year at the end of the year for each of the next6years. Assuming a discount rate of9%, what is the value of this inheritance toJennifertoday?

^{Type of Cash Flow Periods Interest Rate Factor}

PV of $1 6 9% 0.5963

FV of $1 6 9% 1.6771

PV ordinary annuity 6 9% 4.4859

FV ordinary annuity 6 9% 7.5233

PV annuity due 6 9% 4.8896

a...$20187

b...$22003

c...$17503

d...$33855