What is the present value of $3,950 to be received at the beginning of each of 29 periods, discounted at 5% compound interest? Potential factors: PV of ordinary annuity for n=29 and i=5% is 15.14107; PV of 1 for n=29 and i=5% is 0.24295 a. 62,798 O b. 59,807 O c. 65,104 d. 68,768