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Your grandfather has promised to give you $ 600 a year at the end of...

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Accounting

Your grandfather has promised to give you $ 600 a year at the end of each of the next four years if you earn Cs or better in all of your courses each year. Using a discount rate of 6%, which of the following is correct for determining the present value of the gift?

PV =$600x (Annuity PV factor, i =66%,n = 4)

B.PV =$600x (PV factor, i = 4%, n =66)

C.PV =$600x (Annuity FV factor, i =66%,n = 4)

D.PV =$600x 66%x 4

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