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You have a chance to buy an annuity that pays $ 1 , 0 0 0 at the end of each year for 5 years.

You have a chance to buy an annuity that pays $1,000 at the end
of each year for 5 years. You could earn 6% on your money in other
investments with equal risk. What is the most you should pay for
the annuity?a. $3,324.89b. $2,591.45c. $4,212.36d. $2,011.87e. $3,854.13

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