Kathys rich uncle promises her an allowance of $10,000 per month for 6 months, with the first allowance to be made 1 month from today. If the interest rate is 0.5% per month, what is the present value of the promised allowance?

	a.	The present value of investment is $60,000.
	b.	The present value of investment is $49,258.66.
	c.	The present value of investment is $58,963.84.
	d.	The present value of investment is $4,785.69