Suppose an Annuity Will Pay $12,000 at the Beginning of Each

Multiple Choice

Suppose an annuity will pay $12,000 at the beginning of each year for the next 10 years. How much money is needed to start this annuity if it earns 6.7%, compounded annually? Round your answer to the nearest cent. ​

A) $32,322.54
B) $52,923.34
C) $183,639.13
D) $91,190.40
E) $138,866.97