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 14 years. Assuming an interest rate of 3%, what is the present value of this prize? Present Value of $1 Periods 2% 3% 4% 5% 6% 10 0.820 0.744 0.676 0.614 0.558 11 0.804 0.722 0.650 0.585 0.527 12 0.788 0.701 0.625 0.557 0.497 13 0.773 0.681 0.601 0.530 0.469 14 0.758 0.661 0.577 0.505 0.442 15 0.743 0.642 0.555 0.481 0.417 Present Value of Annuity of $1 Periods 2% 3% 4% 5% 6% 10 8.983 8.530 8.111 7.722 7.360 11 9.787 9.253 8.760 8.306 7.887 12 10.575 9.954 9.385 8.863 8.384 13 11.348 10.635 9.986 9.394 8.853 14 12.106 11.296 10.563 9.899 9.295 15 12.849 11.938 11.118 10.380 9.712 A. $51,258 OB. $31,905 OC. $33,888 D. $56,292