What is the correct equation to find the PV of an annuity due with 10 payments of $15,000 if the appropriate interest rate is 5%?
a) PVA = 5*3000*PVIFA(5%,10) b) PVA=15,000*PVIFA(5%,10) c) PVA=15,000*PVIFA(5%,10)*1.05 d) PVA=15000*10 e) none of the above