Victoria is considering investing in an annuity being offered by Hopin Investments Ltd. The annuity will pay her $10,000 per half year for 4 years. Victoria is trying to work out how much this annuity is worth. She thinks she should receive a return equivalent to a nominal interest rate of 6.6% per annum, compounding monthly. What is the value of this annuity to Victoria?

Select one:

a. $68,841.63

b. $69,184.36

c. $70,101.87

d. $67.994.10