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Devi has a geometric annuity due whose quarterly payments (at the start of each period) grow 3.200% each quarter. The first payment is $3,049.76, the

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Devi has a geometric annuity due whose quarterly payments (at the start of each period) grow 3.200% each quarter. The first payment is $3,049.76, the nominal interest rate is r(26) = 4.200%, and the term is 3 years. What is the present value of her annuity? a. $41,187.58. b. $40,757.72 c. $35,421.32. d. $40,363.83. e. $30,890.69. Certainty : C=1 (Unsure: 67%) OC=3 (Quite sure: >80%)

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