PV of a growing finite annuity = PMT * ((1 - (1 + G)^N * (1 + I)^-N) / (I - G)
where PMT = 2500
G = 4%/12
N = 35 * 12 = 420
I = 6%/12 = 0.50%
PV = 2500 * ((1 - (1+0.04/12)^420 * (1 + 0.50%)^-420) / (0.50% - 0.04/12)
= 2500 * (1 - 0.4980) / 0.001667
= 2500 * 301.1822
= 752955.47
Correct choice C
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