Justin Investor wants to calculate how much money he needs

to deposit today into a savings account that earns $4\%$ in order

to be able to withdraw $$6,000$ at the end of each of the next

five years. He should use which present value concept?

a$.$ Present value of $$1$ for five periods

b$.$ Present value of an annuity due of $$1$ for five periods

c$.$ Present value of an ordinary annuity of $$1$ for five periods

d$.$ Future value of $$1$ for five periods