Parker Posie Wants to Determine How Much She Must Deposit

Multiple Choice

Parker Posie wants to determine how much she must deposit today at 14% interest to provide four withdrawals of $26,000 at the end of each year, beginning five years from now. This is an example of the present value of

A) an ordinary annuity.
B) an annuity due.
C) a compound annuity due.
D) a deferred ordinary annuity.