Find the present value of $10$ annual payments of $$4,500$ per annum where the first payment is

made $2$ years from now. So there are $10$ annual payments from $t=2$ to $t=11$ inclusive. The discour

rate is $2\%$ pa$.$ The present value of these payments is:

Select one:

a$.$ $$39,629\mathrm{.}05$

b$.$ $$46,655\mathrm{.}92$

c$.$ $$47,589\mathrm{.}04$

d$.$ $$184,578\mathrm{.}37$

e$.$ $$225,000\mathrm{.}01$

Clear my choice