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A five-year annuity that makes 30 bimonthly payments of $7,800 will begin 6 years from now with the first payment coming six years and two

A five-year annuity that makes 30 bimonthly payments of $7,800 will begin 6 years from now with the first payment coming six years and two months from now. If the discount rate is 7.3 percent compounded bimonthly (every two months), what is the present value of the annuity? $126,215.53 $135,714.10 $127,751.15 $129,305.46

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