Craig Rusch Corporation Will Receive $10,000 Today (January 1, 2006)

Multiple Choice

Craig Rusch Corporation will receive $10,000 today (January 1, 2006) , and also on each January 1st for the next five years (2007 - 2011) .What is the present value of the six $10,000 receipts, assuming a 12% interest rate?

A) $41,114.
B) $46,048.
C) $81,152.
D) $90,890.