Find the Present Value of an Annuity with Semiannual Payments $\quad P V = \$ 5,931.49$

Multiple Choice

Find the present value of an annuity with semiannual payments of $330 at 4.91%, compounded semiannually for 12 years.Round to the nearest cent.

A) $\quad P V = \$ 5,931.49$
B) $\quad P V = \$ 8,114.44$
C) $\quad P V = \$ 6,524.64$
D) $\quad P V = \$ 10,615.97$
E) $\quad P V = \$ 11,862.99$