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Moving to another question will save this response. Question 5 of 18 Jestion 5 10 points A deferred annuity will pay you $623 at the

image text in transcribed Moving to another question will save this response. Question 5 of 18 Jestion 5 10 points A deferred annuity will pay you $623 at the end of each year for 10 years, however the first payment will not be made until three years from today (payments will be made at the end of years 3 through 12). What amount will you have to deposit today to fund this deferred annuity? Use an 0.070 discount rate. Instruction: Round to the nearest whole number. E.g., if your answer is 40.24 , you should type ONLY the number 40, neither 40.24, 40.2, nor 41. Otherwise, Blackboard will treat it as a wrong

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