Robert bought a laboratory equipment with 25,000 payment plus 18 months monthly payment of 2,500 each. If interest was computed at 9% compounded monthly, how much was the cash value if the first installment payment was made at the end of 6 months? What kind of annuity is described in the problem? A. Annuity Due B. Ordinary Annuity C. Deferred Annuity D. General Annuity

What is the answer to the question of the problem?

A. 24,494.40 B. 49,494.40 C. 65,108.87 D. 90,500