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A five-year annuity that makes 20 quarterly payments of $6,000 will begin 8 years from now with the first payment coming 8.25 years from now.

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A five-year annuity that makes 20 quarterly payments of $6,000 will begin 8 years from now with the first payment coming 8.25 years from now. If the discount rate is 10.1 percent compounded quarterly, what is the present value of the annuity? $42,014.20 $51,290,19 $43.075.06 $46,421.07

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