Today is January 1 2020, Jackson will use a single premium to purchase an annuity today. This annuity pays 10,000 at the end of each year while Jackson is alive. The estimated probability of Jackson surviving for the next 4 years is stated in following table. The yield rate is assumed to be j₁ = 4.82% p.a. Calculate premium value. Round your answers to three decimal places.

Year probability of surviving from start of the end of year
1	0.79
2	0.60
3	0.27
4	0

Select one:

a. 12962.072

b. 16600.000

c. 15342.011

d. 15108.445