Question: Everything is the same as in Question 5, but the annuity you buy has COLA's of 2% per annum. (That is, the payments increase every

Everything is the same as in Question 5, but the annuity you buy has COLA's of 2% per annum. (That is, the payments increase every year by 2%). What is the initial value of the income you receive from the annuity on 1st January 2050? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $97,929.30 b $97,929.31 c $97,929.32 d $97,929.33

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