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Compute the present value of a risk-free five-year annuity of $2,500 per year, given the following yield curve for January 2019. Year Yield 1 0.35%

Compute the present value of a risk-free five-year annuity of $2,500 per year, given the following yield curve for January 2019.

Year	Yield
1	0.35%
2	0.79%
3	1.16%
4	1.69%
5	2.11%

	a.	12,874
	b.	13,569
	c.	11,957
	d.	10,500

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