Marcos Will Receive an Annuity Payment of $2,500,payable Every Two

Multiple Choice

Marcos will receive an annuity payment of $2,500,payable every two years,for the next ten years.The next payment is due two years from today.What is the present value of this annuity at a discount rate of 5 percent?

A) $10,466.67
B) $11,221.08
C) $9,416.75
D) $10,052.48
E) $8,949.60