QUESTION $5$

Katharine Bartle will receive an annuity of $$4,090\mathrm{.}00$ every month for $23$ years. How much is this cash flow worth to them today if the payments begin today? Assume a discount rate of $5\mathrm{.}00\%.$

a$.$ $$55,398\mathrm{.}13$

b$.$ $$2,119,880\mathrm{.}47$

c$.$ $$672,837\mathrm{.}73$

d$.$ $$170,156\mathrm{.}69$