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6. The present value of a growing annuity of six annual payments where the first payment of $15,000 is today, each subsequent payment is 12%

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6. The present value of a growing annuity of six annual payments where the first payment of $15,000 is today, each subsequent payment is 12% greater than the previous payment, and the effective annual discount rate is 12% is: (A) $80,357.14 (B) $81,964.29 (C) $84,351.98 (D) $86,234.57 (E) $90,000.00

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