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Annette has an inheritance that promises to pay her 12 year-end amounts of $6,000 starting exactly 4 years from today. If she earns 5% p.a.,

Annette has an inheritance that promises to pay her 12 year-end amounts of $6,000 starting exactly 4 years from today. If she earns 5% p.a., how much is the inheritance worth in present-day dollars?

Select one:

a. $45,938.46

b. $42,578.91

c. $44,665.32

d. $43,750.91

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