Vicky is considering investing in an annuity being offered by Bassein Investments Ltd. The annuity will pay her $500 per week for 4 years. Vicky is trying to work out how much this annuity is worth. She thinks she should receive a return equivalent to an effective annual interest rate of 5.2% per annum. What is the value of this annuity to Vicky?

Select one:

a. $93,854.27

b. $96,357.26

c. $94,087.93

d. $92,958.50