Question: Correct answer is a. But can't figure out the calculation. Help is appreciated:) 16 Alex will need to pay $8924 per year for four years

Correct answer is a. But can't figure out the calculation. Help is appreciated:)

16 Alex will need to pay $8924 per year for four years to support his daughter's university tuition (the first tuition is paid at the beginning of the 11th year). How much will Alex have to invest at the beginning of 1.00 each year for the next 10 years before his daughter begins her studies to fully support her if his savings earn an annual compounding interest at 7.7% per year? Select one: O a. $2083.48 O b. $1934.52 O c. $2412.86 O d. $2243.91 O e. $2598.65 Notes

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