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Your friend offers to pay you an annuity of $5,500 at the end of each year for 3 years in retum for cash today, You

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Your friend offers to pay you an annuity of $5,500 at the end of each year for 3 years in retum for cash today, You could eam 2.5% on your moncy in other investments with cqual rick. What is the most you should pay for the annuity? What is the PV of an ordinary annuity with a $5,700 quarterly payment for 5 years if the appropriate interest rate is 9.583

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