Leopold is considering investing in an annuity being offered by Moulmein Investments Ltd. The annuity will pay him $2,700 per month for 3 years. Leopold is trying to work out how much this annuity is worth. He thinks that he should receive a return equivalent to an effective annual interest rate of 4.8% per annum. What is the value of this annuity to Leopold? Select one: O a. $90,975.90 b. $90,357.86 c. $90,496.88 d. $90,985.44