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 = 2.48% p.a. Calculate premium value. Round your answers to three decimal places.

Year
1	0.83
2	0.60
3	0.29
4	0

Select one:

a. 17200.000

b. 16377.598

c. 14182.896

d. 16506.772