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Find the present value of 20 annual payments of $4,500 per annum where the first payment is made 14 years from now. So there are

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Find the present value of 20 annual payments of $4,500 per annum where the first payment is made 14 years from now. So there are 20 annual payments from t=14 to t=33 inclusive. The discount rate is 4% pa. The present value of these payments is: Select one: a. $1,469.1596 O b. $35,316.3374 C. $36,728.9909 d. $51,343.5335 O e. $67,564.587

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