Question: Question Consider an annuity-immediate with block payments: $3 for the first 4 years, $14 for the next 9 years, and $9 for the next 13

Question Consider an annuity-immediate with block payments: $3 for the first

Question Consider an annuity-immediate with block payments: $3 for the first 4 years, $14 for the next 9 years, and $9 for the next 13 years. Which one of the statements below doesn't give the AV of this annuity at the time of the last payment?(i = 5%.) Possible Answers A 387(1.05)22 + 1487(1.05)3 + 9873|| B 387 +1487 +9873 $488.33 D 3(826] 822) + 14(822 873]) + 9873] E 38261 + 11822 5873]

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