Question 12 (1 point) Yang was so fortunate that he just won a lottery. According to the rule, Yang will receive a check at the end of each year over the next 25 years. Due to the inflation, the dollar amount of each check will grow at 2% per year. This prize is actually a(n)__. Question 12 options:

a)

annuity.

b)

growing annuity.

c)

annuity due.

d)

perpetuity.

e)

growing perpetuity.