Peter has an inheritance that promises to pay him 11 year-end amounts of $5,000 starting exactly 3 years and 3 months from today. If he earns 4.2% p.a., how much is the inheritance worth in present-day dollars?

Select one:

a. $41,154.33

b. $42,258.17

c. $37,910.15

d. $39,502.38