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PLEASE SHOW WORK AND FORMULAS! What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $1,550 at the end

image text in transcribedPLEASE SHOW WORK AND FORMULAS!

What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $1,550 at the end of Year 4 if the interest rate is 5%? A). $7,773.01 B). $9,253.58 C). $11,474.44 D). $7,125.25 E). $7,402.86

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