You just inherited some money, and a broker offers to sell you an annuity that pays $10,100 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. $146,007.26
b. $143,489.89
c. $115,798.86
d. $117,057.54
e. $125,868.32