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You are considering an annuity which would offer payments $ 5 0 0 0 at the end of every three months for 2 0 years.

You are considering an annuity which would offer payments $ 5000 at the end of every three months for 20 years. Interest is compounded quarterly at a nominal rate of 8.8%. Which of the changes would increase the amount that you would pay for this annuity today?a.A nominal rate of 9.2% instead of 8.8%b.Receiving payments for 19 years instead of 20 yearsc.Compounding interest daily instead of quarterlyd.Compounding interest monthly instead of quarterlye.Receiving payments of $ 5500 instead of $ 5000

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