You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $2,800 per year, beginning immediately. You will make 3 deposits in an account that pays 5.2% interest. Under these assumptions, how much will you have 3 years from today? a. $7,722.55 b. $9,025.15 O C. $10,420.79 O d. $9,304.28 O e. $7,908.64 You just inherited some money, and a broker offers to sell you an annuity that pays $4,300 at the end of each year for 20 years. You could earn 5% on your money in other investments with equal risk. What is the most you should pay for the annuity? a. $52,515.75 O b. $53,587.50 O C. $53,051.63 d. $61,625.63 e. $60,018.01 Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income of $53,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 7.25%. How much would it cost her to buy such an annuity today? a. $519,610.24 O b. $647,909.06 O C. $641,494.12 d. $756,963.06 e. $493,950.47 O