What Single Amount Deposited Now into an Account Paying $5 \frac { 2 } { 3 } \%$

Multiple Choice

What single amount deposited now into an account paying $5 \frac { 2 } { 3 } \%$ annual interest, compounded quarterly, would fund an annuity paying $\$ 3,130$ quarterly for the next 28 years?

A) $\quad \$ 175,242.28$
B) $\$ 175,204.05$
C) $\quad \$ 175,359.25$
D) $\$ 175,229.05$