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Your favorite aunty has finally agreed to contribute towards funding your retirement Specifically, she will start with a contribution of $6,000 today (that is, end

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Your favorite aunty has finally agreed to contribute towards funding your retirement Specifically, she will start with a contribution of $6,000 today (that is, end of year 0) but this amount will then decline at a constant rate of 3% p.a. over the foreseeable future. If the interest rate appropriate for valuing your aunty's contribution is 12% p.a. its present value today is closest to: A) $38.800 B) $44.800 C) $56,000 D) $70,667 E) None of the above

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