which one is it?

You are considering investing in an annuity that will make 10 equal payments of $2,000/year. The first payment of the annuity will be at t=3 (in 3 years from toda and the rest of the payments will continue to be paid annually. What is the PV if the discount rate is 5%/year? $18,980.52 $15,443.47 $14,007.68 $14.708.07