Find the Present Value of an Annuity with Semiannual Payments $\quad P V = \$ 7,772.51$

Multiple Choice

Find the present value of an annuity with semiannual payments of $370 at 4.87%, compounded semiannually for 13 years.Round to the nearest cent.

A) $\quad P V = \$ 7,772.51$
B) $\quad P V = \$ 13,207.68$
C) $\quad P V = \$ 14,131.85$
D) $\quad P V = \$ 9,854.25$
E) $\quad P V = \$ 7,065.92$