You are offered three annuities (these make equal payments over a specific period) Using an annual 4.2% discount rate, calculate each annuity's price: # Price ($) ? 1 Payments ($/year) 195 200 (growing @1%/yr.) 49 (growing @1%/yr.) Life (yrs.) 10 10 Forever 2 ? w N 3 ? B. D I E Annuity 2 1 2 3 3 Payments 4 Discount rate 5 Growth rate 6 Price to be paid 7 Cash Flows: 8 9 10 11 4 12 ch 13 14 5 6 7 8 9 10 15 16 17 18 8 Prob. 1 Prob. Prob 3 Prob.4 Prob,5 NOV 2021