Your rich aunt has promised to give you

$ 2 comma 000$2,000

per year at the end of each of the next four years to help you pay for college. Using a discount rate of

1212%,

the present value of the gift can be stated as

A.PV =$ 2 comma 000$2,000x1212%x 4.

B.PV =$ 2 comma 000$2,000(Annuity FV factor, i =1212%,n = 4).

C.PV =$ 2 comma 000$2,000(PV factor, i = 4%, n =1212).

D.PV =$ 2 comma 000$2,000(Annuity PV factor, i =1212%,n = 4).

please choose the correct answer