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You recently won a contest sponsored by a local radio station. The radio station will pay you $3,000 at the end of each of the

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You recently won a contest sponsored by a local radio station. The radio station will pay you $3,000 at the end of each of the next 11 years. Assuming an interest rate of 3%, what is the present value of this prize? EEB (Click the icon to view the present value of $1 table.) EEB (Click the icon to view the present value of annuity of $1 table.) O A. $25,590 O B. $27.759 O C. $47,811 O D. $38,424 Click to select your answer. B

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