Find the Present Value of an Annuity with Annual Payments $\quad P V = \$ 43,809.22$

Multiple Choice

Find the present value of an annuity with annual payments of $3,090 at 5.45%, compounded annually for 28 years.Round to the nearest cent.

A) $\quad P V = \$ 43,809.22$
B) $\quad P V = \$ 43,866.33$
C) $\quad P V = \$ 43,923.44$
D) $\quad P V = \$ 91,235.34$
E) $\quad P V = \$ 41,673.01$