You have a chance to buy an annuity that pays $2,500 at the end of each year for 3 years.You could earn 5.5% on your money in other investments with equal risk.What is the most you should pay for the annuity?
A)$5,493.71
B)$5,782.85
C)$6,087.21
D)$6,407.59
E)$6,744.83

Question

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The Answer of You have a chance to buy an annuity that pays $2,500 at the end of each year for 3 years.You could earn 5.5% on your money in other investments with equal risk.What is the most you should pay for the annuity?
A)$5,493.71
B)$5,782.85
C)$6,087.21
D)$6,407.59
E)$6,744.83

You Have a Chance to Buy an Annuity That Pays