Q1. Find the present value of 30 annual payments of $2,000 per annum where the first payment is made 14 years from now. So there are 30 annual payments from t=14 to t=43 inclusive. The discount rate is 5% pa. The present value of these payments is:

Question 8Select one:

a.

$4,908.18

b.

$16,304.68

c.

$21,212.85

d.

$30,282.15

e.

$30,744.9