Question: What is the present value (rounded to dollars and cents) of a four-year $100 annuity that makes its first payment 5 years from today if

What is the present value (rounded to dollars and cents) of a four-year $100 annuity that makes its first payment 5 years from today if the discount rate is 9%? (Do not round interim calculations)

$193.17
none of the above
$250.17
$210.56
$229.51

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