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Annuity - Present Value. What is the present value of David's investment if he invests $2,800.75 at the beginning of each semiannual period for 12

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Annuity - Present Value. What is the present value of David's investment if he invests $2,800.75 at the beginning of each semiannual period for 12 years at a return rate of 7.75% compounded semi-annually (round to the nearest cent)? a. $68,239.87 b. $70,123.06 c. $44,930.84 d. $64,814.92

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