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Investco Inc. offers you a chance to buy an annuity due today. This annuity will pay $25,000 each year for 15 years. The payments start

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Investco Inc. offers you a chance to buy an annuity due today. This annuity will pay $25,000 each year for 15 years. The payments start today, and the interest rate is 8%. How much are you willing to pay to purchase this annuity at maximum? Select one: a. $213,045 b. $310,628 c. $213,987 d. $375,000 e. $231,106

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