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You have a chance to buy an annuity that pays $15,800 at the end of each year for 3 years. You could earn 6.1% on

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You have a chance to buy an annuity that pays $15,800 at the end of each year for 3 years. You could earn 6.1% on your money in other investments with equal risk. What is the most you should pay for the annuity? a. $50,291.40 b. $44,727.06 c. $54,623.54 d. $42,155.57 e. $28,927.06

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