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13. You have a chance to buy an annuity that pays $550 at the beginning of ear her for 3 years. You could earn

13. You have a chance to buy an annuity that pays $550 at the beginning of ear her 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? Remember to show all work and list financial calculator inputs to receive credit. (3 points) a. $1,412.84 b. $1,565.48 c. $2,811.30 d. $2,978.65

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