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Christina will receive annuity payments of $1,200 a year for five years, with the first payment occurring at Year 4. What is the value of

Christina will receive annuity payments of $1,200 a year for five years, with the first payment occurring at Year 4. What is the value of this annuity to her today at a discount rate of 7.25 percent?

Select one:

A. $4,209.19

B. $4,111.08

C. $4,774.04

D. $3,961.80

E. $4,887.48

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