What is the value today of receiving $$6,500$ at the end of each year for the next $4$ years, assuming an interest rate of $12\%$ compounded annually?

Note: Use tables: Excel, or a financial calculator. Round your final answer to the nearest whole dollar. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1).$

Multiple Choice

$$31,066$

$$20,017$

$$61,003$N