Paula Bonner invests $7,103.00 now for a series of $1,000 annual returns beginning one year from now. Paula will earn 10% on the initial investment. How many annual payments will Paula receive? Present value of an annuity 10% Factor 10 periods 6.145 12 periods 6.814 13 periods 7.103 14 periods 7.606

a. 10 b. 12 c. 13 d. 15

(Please show work on how you got the answer)