Question: This problem demonstrates the dependence of an annuity's present value on the compounding frequency. What minimum initial amount will sustain a 25-year annuity paying $1000

This problem demonstrates the dependence of an annuity's present value on the compounding frequency.

What minimum initial amount will sustain a 25-year annuity paying $1000 at the end of each year if the initial amount can be invested to earn:(Do not round intermediate calculations and round your final answer to 2 decimal places.)

a.6% compounded annually?b.6% compounded semiannually?c.6% compounded quarterly?d. 6% compounded monthly

For A, I got 12,783.36 and that came up right. But for the other 3 I got them all wrong. I had: B.) 25,729.76 C.) 51,624.70 D.) 155,206.86

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