Your friend offers to pay you an annuity of $9,200 at the end of each year for 3 years in return for cash today. You could earn 5-5% on your
Select the correct answer.
Oa. $24,820.99
O b. $24,801.79
O c. $24,811.39
O d. $24,830.59
Oe. $24,792.19