Question: How much would you pay today for this annuity? It will payout $740 each quarter for 20 years. Your desired annual interest return is 5.9

How much would you pay today for this annuity? It will payout $740 each quarter for 20 years. Your desired annual interest return is 5.9 %. (Don't forget to adjust the interest rate for quarterly, in addition to the time period.)

a. $34,620.05

b. 30,102.01

c. 34,228.31

d. 31,972.27

e. 32,457.76

Thank you!!

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