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 = 2.19% p.a.

Calculate premium value. Round your answers to three decimal places.

Year
1	0.71
2	0.61
3	0.40
4	0

a. 16470.685

b. 12718.589

c. 16537.494

d. 17200.000