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You have a chance to buy an annuity that pays $2,500 at the end of each year for 3 years. You could earn 5.5% on

You have a chance to buy an annuity that pays $2,500 at the end of each year for 3 years. You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity?

A

$5,493.71

B

$5,782.85

C

$6,087.21

D

$6,407.59

E

$6,744.83

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