Suppose your mom decides to gift you ` 10,000 every year starting from today for the next sixteen years. You deposit this amount in a bank as and when you receive and get 8.5% per annum interest rate compounded annually. What is the present value of this money: [Given that P (15, 0.085) = 8.304236] (a) ` 83,042 (b) ` 90,100 (c) ` 93,042 (d) ` 10,100

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