Question: Answer please with setps. Question 18 0/3 pts An eight-year annuity that makes 48 bimonthly payments of $8,200 will begin 4 years from now with

Answer please with setps.

Question 18 0/3 pts An eight-year annuity that makes 48 bimonthly payments of $8,200 will begin 4 years from now with the first payment coming four years and two months from now. If the discount rate is 5.9 percent compounded bimonthly (every two months), what is the present value of the annuity? $247,131.22 $187,903.97 $262,075.14 $249,561.34

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