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What is the present value of a 5-year ordinary annuity with monthly payments of $32,250, evaluated at a 21 percent interest rate? (Payments are

What is the present value of a 5-year ordinary annuity with monthly payments of $32,250, evaluated at a 21 percent interest rate? (Payments are made at the start of each month.) Select one: O a. $1,270,015 O b. $1,372,561 Oc. $1,289,065 O d. $1,212,951 O e. $1,234,177

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