Question 16 5 pts 16. You have a chance to buy an annuity that pays $5,700 at the end of each year for 3 years. You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity? a $16,454.70 b. $13,532.83 c $11,687.45 d. $14.763.09 O $15,378.22 18. Suppose you just won the state lottery, and you have a choice between receiving $3,025,000 today or a 20-year annuity of $250,000, with the first payment coming one year from today. What rate of return is built into the annuity? Disregard taxes. 25.62% 6.5.35% c3.95% d.6.65% 6.6.34% 20. Your friend paid $10,000 (CF at t-0) for an investment that promises to pay $750 at the end of each of the next 5 years, then an additional lump sum payment of $11,500 at the end of the 5th year. What is the expected rate of return on this investment? a. 9.96% 6.5.19% c. 12.11% d. 10.42% e. 10.86%