Question: I dont need an answer to the problem. I just want to understand how is this a Present Value of an Annuity problem. I don't

I dont need an answer to the problem. I just want to understand how is this a Present Value of an Annuity problem. I don't see any perodic payments being made so I'm a little confused.

9. Candy purchases a new guitar costing $5,500. She put down 15% and finance the rest for 3 years through the store. The store will charge her 10% per year compounded quarterly. Identify the type of problem. a. Present Value with compound interest b. Future Value of an Annuity c. Present Value of an Annuity d. Amortization e. Sinking Fund

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