Find the Payment Made by the Ordinary Annuity with the Given

Multiple Choice

Find the payment made by the ordinary annuity with the given present value.
- $\$ 390,000$ quarterly payments for 18 years; interest rate is $4.9 \%$ compounded quarterly.

A) $\$ 18,586,976.07$
B) $\$ 55,902,289.81$
C) $\$ 45,086,493.32$
D) $\$ 6,265,695.35$