Question 10 (1 point) What is the PV of a four-year annuity that will make a series of $3,000 payments at the beginning of each year for the next four years at a 5% annual interest rate, starting with $3,000 at the beginning of year 1 and then growing by 2% a year? $105,000.00 $11,495.44 $10,948.04 $100,000.00

What is the PV of a four-year annuity that will make a series of $3,000 payments at the beginning of each year for the next four years at a 5% annual interest rate, starting with $3,000 at the beginning of year 1 and then growing by 2% a year? $105,000.00 $11,495.44 $10,948.04 $100,000.00