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Your friend offers to pay you an annuity of $2,800 at the end of each year for 3 years in return for cash today.

Your friend offers to pay you an annuity of $2,800 at the end of each year for 3 years in return for cash today. You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity? Select the correct answer. Oa. $7,565.01 O b. $7,575.81 O c. $7,570.41 O d. $7,554.21 e. $7,559.61

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