17. Alexandrina is considering investing in an annuity being offered by Tamu Investments Ltd. The annuity will pay her $7,500 per half year for 6 years. Alexandrina is trying to work out how much this annuity is worth. She thinks she should receive a return equivalent to a nominal interest rate of 6.4% per annum, compounding quarterly. What is the value of this annuity to Alexandrina?

Select one:

a. $74,748.45

b. $73,659.56

c. $71,328.97

d. $72,124.55