Question: Answer the following and show complete solutions. The correct answer is exactly one of the choices there, so please show your calculations. The answer is

Answer the following and show complete solutions. The correct answer is exactly one of the choices there, so please show your calculations. The answer is there in the choices.

Answer the following and show complete solutions. The correct answer is exactly

Avishek has a 10 year annuity immediate making annual payments that grow geometrically at the rate 1.000%. The first payment is $5500.00 and the interest rate is i(12)= 1.000%$. What is the present value of his annuity? a. Q=$54,441.82 b. Q=$51,175.31 c. Q=$50,086.47 d. Q=$51,719.73 e. Q=$53,352.98

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