A trust notifies you that you are entitled a grant that would give you annual payments of $6,200 per year in perpetuity. The first payment will be made to you three years later (at the end of year 3). The annual interest rate is 10% (APR). What is the present value of the grant?   A. 56,363.64   B. 46,581.52   C. 51,239.67   D. 62,000.00

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