Use the following table to calculate the present value of $2,000 will be received at the end of each year for 6 years. The rate is 12 percent.

Present value of a single payment				Present value of an annuity
Year	11%	12%	13%	Year	11%	12%	13%
3	0.731	0.712	0.693	3	2.4437	2.4018	2.3612
4	0.659	0.636	0.613	4	3.1024	3.0373	2.9745
5	0.593	0.567	0.543	5	3.6959	3.6048	3.5172
6	0.535	0.507	0.480	6	4.2305	4.1114	3.9975
7	0.482	0.452	0.425	7	4.7122	4.5638	4.4226

Select one:

a. 12,000

b. 8,223

c. 8,800

d. 2,400