Find the Payment That Should Be Used for the Annuity $\$ 11,000$

Multiple Choice

Find the payment that should be used for the annuity due whose future value is given. Assume that the compoundingperiod is the same as the payment period.
- $\$ 11,000$ ; annual payments for 9 years; interest rate $5.1 \%$ .

A) $\$ 223.18$
B) $\$ 477.01$
C) $\$ 239.63$
D) $\$ 945.28$