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An annuity pays quarterly for 16 years at the beginning of each quarter. Payments during the first year are 250/quarter. Year 2 payments are each

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An annuity pays quarterly for 16 years at the beginning of each quarter. Payments during the first year are 250/quarter. Year 2 payments are each 105. The payments go up by 150 for each subsequent year but are level within each year. AEIR = 5%, please find the accumulated value of this annuity just prior to the payment at t=15. A. 156, 104.12 B. The answer does not appear here C. 72,848.29 D.79.798.78 E. 154,014.68

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