Your rich aunt has promised to give you $ 2 comma 000 per year at the end of each of the next four years to you pay for college. using a discount rate of 12%, the present value of the gift can be stated as

a. pv = $ 2 comma 000 x 12% x 4.

b. pv = $ 2 comma 000 (pv factor, i = 4%, n = 12).

c. pv = $ 2 comma 000 (annuity pv factor, i = 12%, n = 4).

d. pv = $ 2 comma 000 (annuity fv factor, i = 12%, n = 4). click to select your answer.

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?