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Your rich aunt has promised to give you $4,000 per year at the end of each of the next four years to help you pay

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Your rich aunt has promised to give you $4,000 per year at the end of each of the next four years to help you pay for college. Using a discount rate of 4%, what is the present value of the gift. If the JPEG file doesn't open, Appendix A in your book has full Present Value tables. PV-Tables-Lump-Ann.JPG O $16,000 O $14,520 $3,422 O $34,000

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