8) An investment opportunity has the following characteristics: payments of $2,000 will be made to you and invested into a fund at the end of each year, for the next 20 years. This fund earns an annual effective interest rate of 10%; the interest on this fund (paid at the end of each year) can only be reinvested at an annual effective interest rate of 6%. What would the purchase price of this investment opportunity be if it had an annual yield of 8% over the 20-year life of the investment? a) 95951.97 b) 58492.85 c) 32212.26 (1) 20586.32 e) 18492.85