I wish to see step by step answers by plugging in the number into each formula.

When the son D of R and S starts school, the parents of D wish to have some money every month to pay their sons fee in their account. They currently have $39,000 in his account. For the next two years, they will make equal monthly installments of the fee. The account will provide a monthly payment of 4% compounded interest. What is the annuity factor's present value? Choose an answer

A The present value of the Annuity factor is 23.03.

B The present value of the Annuity factor is 15.60.

C The present value of the Annuity factor is 52.11.

D The present value of the Annuity factor is 16.54.