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What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $4,450 at the end of Year 4 if the

What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $4,450 at the end of Year 4 if the interest rate is 5%?

Select the correct answer.

a. $11,639.41

b. $11,604.21

c. $11,569.01

d. $11,621.81

e. $11,586.61

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