Your rich aunt has promised to give you $ 2 comma 000 per year at the end of each of the next four years to help you pay for college. using a discount rate of 12​%, the present value of the gift can be stated as

a. pv​ = $ 2 comma 000 x 12​% x 4.

b. pv​ = $ 2 comma 000 ​(pv factor, i​ = ​4%, n​ = 12​).

c. pv​ = $ 2 comma 000 ​(annuity pv​ factor, i​ = 12​%, n​ = 4).

d. pv​ = $ 2 comma 000 ​(annuity fv​ factor, i​ = 12​%, n​ = 4). click to select your answer.