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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 return 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 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. O a. $14,838.63 O b. $14,822.43 O c. $14,806.23 O d. $14,830.53 O e. $14,814.33

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